This pro trader explains why he's just about ready to short crude oil.
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The 10-year Treasury note could soon suffer a dramatic downturn.
If you look at a chart of the ten year note prices, it is easy to see that they remain in a well-defined downtrend. To my eye, this suggests an objective of 130.00 (which would be a 2.17 percent yield).
The stock market looks as though it's headed for all-time highs.
On Friday, the March S&P E-mini finally broke solidly through the 1,510 area, and now looks like it's headed to 1,530.
(Read More: Stocks Better Investment Than Homes: Shiller)
So long as central banks around the world continue efforts to stimulate their economies by quantitative easing, the price of gold and silver will likely push higher, Silver Wheaton CEO Randy Smallwood said Thursday on CNBC.
(Read More: CNBC Explains 'Economy')
Gold eased on Thursday, sticking to tight ranges after the European Central Bank left interest rates unchanged and as the focus turns to an imminent press conference that could give further clues on monetary policy.
Gold edged higher on Wednesday, recovering early losses, as stocks came under pressure from renewed concerns over the euro zone economy, and on caution ahead of a European Central Bank meeting later this week.
It's probably the most frustrating trade of this young year: gold.
Between the Federal Reserve, the Bank of Japan and Bank of England in all-out race to debase their respective currencies, you would think gold would be the trade this year. I certainly did.
Headlines couldn't be more bullish for stocks. On a daily basis it seems investors hear another reason why the Dow or S&P is about to explode.
However, if you think the bond bull is failing, MacNeil Curry, top FX and rates strategist at Bank of America Merrill Lynch, says you're sorely mistaken.
Curry told CNBC's "Futures Now" that he thinks the march higher in yields is nearly done. "In the 10 year, I think we top out in yield between 2.05 percent and 2.10 percent," he said.
U.S. Treasuries prices fell on Tuesday after less worrisome data on European business activity in 10 months raised hopes of an economic recovery in the region, stoking selling of safe-haven government debt.
The market sell-off was also spurred by lower yields on Italian and Spanish sovereign debt after they jumped on Monday on worries about possible major political shake-ups in euro zone's third and fourth biggest economies.
Plenty of traders watch gold and silver but top trader Jim Iuorio is watching another metal entirely - platinum.
Following is his analysis:
On Monday, April platinum futures at the CME broke out of a clear sideways consolidation pattern, and now appear to be poised for more gains.
Platinum is reacting to a couple of things, but the most important catalyst is the talk of a global supply shortage. Beyond this, though, there are plenty of macro reasons to get into platinum right now.
Gold consolidated towards the upper end of its range yesterday, after bouncing off of a trend line that starts with the Jan. 5 low.
With the current price action against $1,680, gold is now bracing against a resistance trend line from the late November highs.
DeAngelis is a CNBC Reporter and the host "Futures Now," only available on CNBC.com and devoted to the futures market.
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