Wednesday June 11,2014
Evidence continues to mount tht hte thirty year bull market in bonds is ending. Bond prices have advanced and yields have fallen from double digit to as low as 2.5% on the thirty year bond. We hve been showing evidence of this across many markets.
An inverse fund which moves oposite bond priced, the TBF, is shownat top.
The Utility Index had its final run to the end of April and then a back off and a lower high, now it falls rapidly.
USB is the symbol for the thirty year bond nd TLT is a fund of 20 yer government bonds. TLT and USB topped a few months ago. Each appears to be comleting a counter trrend move part way back to the highs, NOW.
We cannot emphasize how important this is. Long term positions in TBF are warranted.
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