649bruno
Long

Falling US Interest Rates Vs XME (Metals & Mining)

TVC:TNX   CBOE 10 YR TREASURY NOTE YIELD
19 0 2
Today's THREE key words continue to be: INVERSE. CAUSE & EFFECT.
Last week I published a VERY BULLISH CHART FOR-XME. I explained that-XME would breakout to the upside..
This article will try to explain the WHY.
The CBOE-10 year Treasury Note Yield (above chart) is LOCKED IN A STRONG DOWN-TREND.
This has an INVERSE relationship for price action in-XME.

For those of you who read my contributions, I have recommended real estate-TLT-Gold-and other Metals.
As interest rates keep falling just ask yourself "What asset classes directly benefit from falling rates?"
Or, in other words, if falling rates are the CAUSE, then-XME rising is the EFFECT because-XME is the INVERSE of lower rates.
Warning-XME has gone up a lot and is due for a pullback. If you plan to trade metals why not look at both XME-and-TNX to help you in your timing?

Good luck to you. Don.


United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out