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U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com

U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

The rout in U.S. Treasuries is becoming biblical. 30 Year Bond futures dropped 1.5 points, crashing through horizontal support at 147 and 146.5 to close Wednesday afternoon’s trading at 146.01. The yield climbed to 2.91%. 10 Year Treasury yields rose to 1.80%, up 0.071%. This sell-off in Treasuries is particularly worrisome because there has not been a commensurate rise in equities. The S&P 500 (AMEX:SPY) rose just 1.60 to close at 1405.53 (0.11%). If the money is rotating out of U.S. Bonds and Securities and not flowing into U.S. equities, where is it going?


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Gold Builds on Friday’s Gains | Stock News

Gold Builds on Friday’s Gains | Stock News | The Truth Behind the Headlines | Scoop.it
Gold (AMEX:GLD) closed on the Globex afternoon session Monday at $1612.45 per ounce and as of this writing is currently in backwardation on the September and...
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S&P Above 1400 As Fed Conducts Second $600 Million Repo Following Nearly 4 Year Hiatus | ZeroHedge

Last week we explained why while endless promises may be enough to confuse the market and force endless rounds of short covering as weak hands are flushed out of positions  under threat (but never action) of Fed intervention, banks are no longer in...

 

The Fed is in "Do as I say not as I do" mode, telling the markets they won't start a new round of QE but are expanding the money supply anyways.  While everyone is focused on 'to QE or not to QE" the truth is as ZH implies, the banks have levered up as far as they can go having mobilized just over $200 billion of excess reserves. 

 

This is just the beginning of the next wave of printing and the headlines will be silent now that both Bernanke an Draghi have talked the markets down from the ledge last week. 

 

Expect a run to around 1450 on the S&P and gold to break through $1650. 

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