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The yield on the five-year note ran hot for a bit but now has receded to an important level; where will it go from here?
Until then, we're likely to see marginal new highs and a chop-fest, and perhaps even some downside.
| Jan 04, 2017
| 8:00 AM EST
I see my pal Dougie is a big fan of Gold these days. Shall we call him Mr. T?! I would point out that I lik...
Will the market soon have a decline worth paying attention to?
Or perhaps we'll even get some downside from here.
After three weeks, traders are simply tired of the chop.
The number has shrunk, telling us it's harder to make money on the long side.
Expanding the charts to allow for that milestone may just jinx the whole deal.
She's a great contrary indicator, with her ear tuned to the 'guy on the radio.'
Too many are still too bullish.


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