The U.S. Treasury bond market continues to collapse on rising volume.

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Equities loving, loving that mortgages jumped by 50 bps over past two days. And the pounding is not ending.

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Gold getting ready for major break-out.

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Several technical analysts have recommended purchase of gold and gold stocks during the past two weeks. Their focus has been on gold in U.S. Dollars and U.S. gold equity indices including the Amex Gold Bug Index (HUI) and the Philadelphia Gold and Silver Index (XAU). Gold in U.S. Dollars has an improving technical profile. Short term momentum indicators continue to move higher. A break above resistance at $1,007.70 will be an important technical event that quickly will lead to a break above resistance at $1,033.90 U.S. and to an all time high.

Normally precludes an upward swing in interest rates, so get those long term mortgages locked in. (If you've got one)

Otherwise it's buying time again in the gold/gold equities market!

Anybody remember the bond crisis of 1980? Jimmy Carter was told his next paycheque might bounce!