Well, it’s an interesting day on the markets; one that could signal an important change in trend.
The 10-year bond is down (and the 7-year and 5-year down even more, in terms of basis points), stocks are down, and commodities are down hard. And the dollar is down, too. Not by much, but it’s down. This breaks the inverse dollar correlation that’s been dominating the landscape for a while and has me wondering if a change in trend is not upon us.
Certainly this could all be part of the normal correction process for markets that have all been on fire (to the upside) for the past three months. But it’s also quite a departure from recent action, and it has my attention.
Before I go any further, let me reiterate my position on silver, gold, and the commodities.
by machinehead 
