The T-bond is heading towards the medium-term red trend line. Will bond prices continue to fall or will we have a reversal of the situation?
Put on your reading glasses... We are most likely here (post gfc 2008)... in early 2009.
Approaching confluence of support around 155 (now 159)
Short EUR/GBP Short EUR/NZD Short US T-Bond
30 year bonds 2% below March Lows Silver still up 111% from March Lows Gold still up 24% from March Lows
Is this the end OR another go for low yields in this disinflation cycle before? Zoom out to see next important pivot point for #gold's "disinflation" cycle driving macro driver. Gold has held relatively well, while the bonds stronger correction. #silver
If inflation stays flat or decreases, #gold can still rise in #disinflation cycle as long #inflation is higher than nominal yields. That part of equation is currently correcting. Until inflation REALLY wakes up, you don't want #bonds to go down
Having fun with Ichimoku cloud defined support, resistance and trends! Weekly is a good transition time frame... will uptrend hold? Cloud doing it's thing for now.
Gold and 30 year t-bonds on cusp of next big move... cliff hanger stuff!
Chop sticks helping me out and volume profiling... on a Point and Figure Chart! Ahahah. #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj