$GDX inverse H&S pattern can be seen in detail. Note the orderly drop from the neckline to the potential right shoulder lowโฆ
Itโs happening even while rates move aggressively higher! ~ Stewart Thomson
Gold Miners $GDX just formed a Golden Cross for the first time since February 2025 โ The last one sent prices soaring more than 100% over the next 8 months ๐ ๐
Since we gutted USAID, the left hasnโt won a single presidential election in Latin America.
Billions in taxpayer cash were funding NGOs, โdemocracyโ programs, and activist networks that conveniently always backed the same side. They called it aid but it was election interference.
Thank you @elonmusk for dragging this into the light. The grift is over.
This market is on the brink of a breakout & will boom if any one of these things play out:
- Strait of Hormuz reopening
- Ending of US/Iran war
- Brent crude under $90 a barrel
- 10Yr bond yields under 5%
President Trump is willing to do any one of these to save his midterm.
Let this be your warning for whatโs coming.
Buckle upโฆ
TREASURY TRIPLES BOND BUYBACK, MARKETS WANT MORE
The U.S. Treasury tripled its next long-term debt buyback to $6 billion, as Secretary Scott Bessent seeks to contain rising borrowing costs.
Despite the increase, Treasuries fell, pushing the 10-year yield to 4.83%, its highest since 2023, as investors had expected stronger intervention.
Bessent says the expanded buybacks aim to improve market liquidity and limit disruptive yield moves, rather than change fundamental Treasury valuations.
BESSENT SET TO ANNOUNCE LARGER US TREASURY BUYBACK AS WALL STREET EXPECTS $5-$6 BILLION OPERATION, PUTTING LONG-TERM BONDS IN FOCUS.
A BIGGER BUYBACK COULD REDUCE NET LONG-DATED DEBT SUPPLY AND HELP CONTAIN ELEVATED YIELDS, WITH THE ANNOUNCEMENT COMING AHEAD OF 10- AND 30-YEAR TREASURY AUCTIONS.