People tend to think rising rate is bad for gold and falling rate is good for gold. The chart shows there is no such cause and effect. Gold and rate can go same direction and opposite direction.
30 - Year Treasury Bond Long entry on Tentative Up Trenline and Resistance Line Level that can act like Support Line.. Stop loss below Resistance Line Level. Take profit at 3.73. See below the links TNX 10 - Year Treasury Note
Unlikely a straight down, but the current trend is down (meaning good for long bond like TLT). No wonder the housing market is weaker? Maybe people are expecting even lower rate!! (but who knows/cares - just follow the trend until it changed, then follow the new trend after established).
Been following this chart for a while, as a possible healthy/sick performance indicator for stocks. The SPY/TNX ratio is diverging for the last two years now, and If I read correctly this chart, it's not stocks healthy for sure. Of course can be diverging for ages or even centuries in this economic recovery miracle we all live in, until already built in energy...