Your views are relevant - but I think its manipulated to save the banks and possibly Wall Street from collapsing - the banks borrow trillions short term at lower rates and lend out long term at higher rates - the day that equation changes and flips there will be chaos
The 2 year has been the leading light - very strong what a cracker - 30 year I believe manipulation is playing there to widen the curve with short term rates
CRUSHING RALLIES IN METALS - Palladium $537, Silver above $18, Gold going to $1200, if copper clears 3.85 to 4.0 it will go to the moon - Dollar demise:eek:
As expected copper has been sold on this strong supply zone - obviously someone out there most likely the mines reckons its too dear. But if we clear this supply zone after the pullback - there will be a killing in the common:D :D
By the way keep an eye on the spread between 30 year rates and 10 year rates - its widening - why - its deliberately manipulated to keep the banks happy or rather prevent them from collapsing - they borrow short term at low rates and lend out long term at higher rates - some day that foolishness...
the 30 year bond and 5 year note tick size will reduce by half current size. Divide by 2.
It means your commissions will double if you maintain same position sizes. :D
If thats what the ticker says - rationality or some other prognosis is not necessary- as a trader your primary concern should be how make money on parabolic price movements.
The mental aspect of it is when you read Reminiscences of a Stock Operator dont be blown away by the astonishing tales.
Understand the psychology behind the stories and then maybe ..................:confused: :confused: