TFMR Podcast - Tuesday, October 7
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The "deflation bias" that we've been discussing for weeks really reared its head today as stocks and crude fell sharply while The Long Bond made new 2014 lows in yield. Gold and silver held tight to their gains of yesterday which sets them both up for some very significant trading both tomorrow and Thursday.
In order, the charts we discuss today are these. First, The Long Bond and how it relates to gold:
Next, an S&P 500 that is hanging on by its fingernails and risks a mass run for the exits:
Here's the ongoing collapse in crude oil prices:
And a HUI that is approaching levels not seen since 2008 and 2005:
Finally, the short-term gold and silver charts which show the levels that must be watched closely over the next 24-48 hours:
Here's the link to the "Kosherdakota" headlines: http://headlines.ransquawk.com/headlines/fed-s-kockerlakota-says-a-key-step-to-bringing-inflation-back-up-the-2-is-to-be-clearer-about-fed-s-goals-07-10-2014
And, since I'm making this a public podcast, I'm not going to post the sign-up link for Thursday's A2A with Koos Jansen. I'll post that in tomorrow's thread, instead.