Take a look at the 30 year US bond chart below. Interest rates are rising. (Bonds move opposite to interest rates.)
“That activity you see since January has been a “throwover of the VERY long term (36 year) trend. Interest rates have been relentlessly if not spectacularly rising. The USB broke through the upper support of that deadly rising wedge (green lines) early in September, then this week fell through the 200 DMA and the lower wedge boundary. Listen to me, hear my words: this is a financial tornado brewing.” — Franklin Sanders www.the-moneychanger.com
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