Norcini mentioned the 10 year note today on Kingworld as being critical. I agree with Dan but the scariest chart is the 30 year US bond as we approach the critical 146 level as it comes closer and closer to this level on volume indicating it could possibly break to the upside. If it does break 146 with volume there is nothing stopping it from going all the way to 161. Can you imagine what that does to the price of the dollar and gold if that does occur?

Now I can understand the reluctance of Marc Faber and Armstrong in being very careful in the short term.