having a look at the broader markets and its starting to look problematic.
A look at the Nasdaq below and its at its lowest point since early October.
Next up is the US ten year yield which breaks higher to the nose bleed level of 1.865% So only another 8% or so to go to get to a neutral real yield.
Next up is junk bonds putting them at their lowest value since early December and looking well dodgy.
Below is a weekly on the Russel 2000 and it is beginning to break lower from a major long term pattern. Down 3% overnight.This is a very broad index and this is a big deal if it continues.
To our favourite metal and it remains above its 50 day which is above its 200 day and they are sloping upwards. Not much in it but we'll just have to take what we get in this garbage game. For the moment
And finally we have silver. Silver is important to us because when it goes its a certainty that gold will follow and it may well be starting to rev its motor as overnight it blew up through its 50 day.
We shall see.
