Very clear reverse head and shoulders, a very strong chart pattern indicator for long term tops and bottoms, target is 3.6% yield on the 30 year bond. A retest of the neckline will confirm a very strong possibility of the target being reached.
On the macro side, I think yields will be forced lower over the next 1-5 years.
I'm looking to go all in on leveraged...
Impressive analog setting up for gold right now on 4 hour chart as defined by the 30 vs 10 year yields.
Very similar to 2018's epic bottom at 1175$ when gold started to sniff out the incoming Powell Pivot about 5 months ahead.
#gold #fomc #fintwit #stockmarker #xauusd
One more chart for you guys before I put the kids to bed...
A fast acting 4 hour chart for you seeking immediate signals.
30 vs 10 year yields looking to have put a double bottom in.
A breakout will yield a very fast reverse symmetry move upwards.
Something EPIC is brewing!
US 30 year yields bottoming vs US 10 year yields.
This tracks #gold vs US equities ratio chart quite well.
And as I've shown you before, #silver/#platinum and miners track very that very closely.
Expect turbulence, but still keep focus on the prize.
Despite all the talk about negative yields, if you consider the definition to be treasury rates less change in CPI, 2021 is the first time since 1980 where real yields have been negative. Nine of the 11 cases prior to 2021 resulted in recessions. See Lacey Hunts latest quarterly analysis on page 2. hoisington.com
Gold not crumbling down makes me think it's expecting a HUGE bounce for the 30 year vs 10 year yield ratio.
Fuel reservoir is FULL and ready for take off!
#xauusd #xagusd #inflation #markets #nasdaq #fomc
With Fed Powell having his big speech last week, I wanted to take a look at the TYX which is the 30 year treasury bond yield. Although he noted that they won't necessarily hike interest rates in the short term, he did say that he would consider doing so Q2 and above depending on job growth and GDP growth. There was also a clear warning that the Fed would pullback...