Charts of Interest

Want create site? Find Free WordPress Themes and plugins.

Share on Facebook

Tweet on Twitter

news.goldseek.com / By: Steve Saville, The Speculative Investor / 10 February 2017

Here are a few of the charts that currently have my attention:

1) The industrial metals bottomed (in price) as a group early last year. They were then led higher as a group by iron-ore, the metal that according to many analysts had the most bearish fundamentals and could therefore not sustain a rally.

The following chart (from barchart.com) shows that the iron-ore price has more than doubled since its early-2016 bottom. It made a marginal new high this week, so there is no evidence yet that the rally is over.

When the iron-ore price eventually reverses it will be a warning that the broad-based industrial-metals rally is close to an end.

2) The following chart compares the euro with the difference in yield between 10-year German Government bonds and 10-year US Treasury notes. The euro has tracked this interest-rate differential quite closely over the past two years and very closely over the past 6 months.

The implication is that for the euro to extend its short-term rebound, German yields will have to remain in an upward trend relative to US yields. How likely is that?

READ MORE

Read more ... source: The Bitcoin Channel

SHARE

Facebook

Twitter

Previous articleIllinois Legislator Calls for Blockchain Working Group

Let's block ads! (Why?)

Powered by Bitcoin Central

Did you find apk for android? You can find new Free Android Games and apps.