Hi Pantheo, this might be a very basic question for you... but it seems that Gold and 30-year bond are giving an inconsistent story. Gold seems ready for a short-term (on weekly chart) bounce whereas /ZB is having a breakdown. Which one should we believe? thanks!
pantheo
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@JMNIK, Hey, gold must close first >1,238 on weekly and later >1,268 to negate the bear trend. But look at their ratio where gold is stronger than bonds after 2015 low. Maybe bonds stage a shortcovering due to commercials' position, such as gold during it's next cycle, but even this is to be sold unless broke the areas mentioned above. Hope this helps, cheers