A Market Timing Report based on the 1-10-2014 Close published Sunday January 12th, 2014
The 10 Year Treasury yield is back below 3% and below the 2.984% breakout point based on the poor employment report out on Friday. The truth the government would rather bury is that many workers are simply giving up on finding a job, resulting in the lowest labor participation rate in decades. This is all good news for gold (be sure to check out the chart link to the upper right) and silver, but conveys the sense that the economy could disappoint investors in regard to earnings this year.
The interest rate chart for the 10 Year Treasury Note:
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