The U.S. bond market, represented below by the TLT fund, continues to break down. It is getting close to support, and this Friday morning’s jobs report will probably be the catalyst to either start the plunge or deny the pattern’s completion.

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The U.S. bond market, represented below by the TLT fund, continues to break down. It is getting close to support, and this Friday morning’s jobs report will probably be the catalyst to either start the plunge or deny the pattern’s completion.

I’ll start the post with a gripe I’ve had for years.
Allow me to share, for illustrative purposes, an analysis from the boys in (the ironically-named town) Gainesville. It shows plain-as-day, clear-as-can-be, that the market has completely topped “5 of 5 of 5“) and is about to go into a complete free fall.

As everyone knows, metals have gone berserk lately. As I’m typing this, my frenemy palladium is up over $200 per ounce (!!!!!!) which is over 11% just in the first 45 minutes of trading. Precious metals mining ETFs like GDX, GDXJ, and SIL (below) are raging higher as well.
