Primary Dealers are pulling back from Treasury absorption — not by choice, but by constraint. With inventories falling despite relentless coupon issuance, the data confirms what recent auctions have already hinted: dealers are maxed out.
This report…
Zits bin a while, but Houston, we have a downtrend. The market is testing the top of the proximate one as the open approaches, but even a bounce to 5875 wouldn’t affect a broader channel. Needs to be above 5910 by EOD to break this.
Here it is, in all its glory. Hourly cycle indicator buy signals at the trendline after a tiny break.
Gold Climbs Parabola Hill One More TIme 5/21/25
Lee Adler 3 – Gold Trader May 21, 2025
A massive increase in v…
A massive increase in volatility has repeatedly broken historically normal wave bandwidths, signaling abnormal wave amplitudes as the trend goes parabolic. Trend support around 3295-3300 was seen as critical in the short run. It broke, and then whipsaw…
This rally has been a grinder. Since it began, setups have been harder to trust, in a market driven more by headlines than structure. I’ve been too cautious, as short-term waves reversed with near unprecedented ferocity. But the charts are starting to …
I finished the nightmare of my French tax declaration. I now fully understand why the tax accountant I thought I had hired last year was a no show as the deadline approached. But at least now I can say that I am a near expert on the intricacies of bein…
Do I understand this? no.
Payments will be made. If they’re not, system implodes. The only poof you hear will be the collapse of the US financial markets.
Markets are built on confidence. The minute the US Government refuses to fulfil…
The market is still riding a powerful meltup, and short and intermediate-term cycle projections are pointing even higher than they were last week. The Moody’s downgrade has triggered a pullback this morning, but the selloff must follow through to break…
The current Macro Liquidity Report lays out the mechanics behind the current rally and the conditions that will reverse it. T-bill paydowns have injected over…
2-3 day cycle projection 5960.