FYI I'm using my own label definition not from any "BOOK".
Technically, ABW is a running flat 3-3-5 structure. I agree with signal Suisse. FED will allow some then rates will rise. Same correlation with GOLD .
1, From July 2015 it's PBOC buying gold to April 2016 then they stopped buying it now.
2, CFTC commercial holdings are heavily short it too.
3, With weighted JPY huge rising, FRB should rise rates in June and July for covering JPY's purchase power recovering.
4, RISK OFF is playing now.