US Treasuries are selling and US yields are rising ...
Do you know know what Central Banks have bought a lot of in the past 5 yrs ? Gold
Here’s a chart showing Central Banks gold purchases v. Central Banks UST purchases Jan-13 thru Dec-17:
postimg.cc/image/92wskv6lh/
So not surprising to see this pattern of a Cup and Handle with a clear breakout for the GLD/TLT ratio ...
Long Gold
Do you know know what Central Banks have bought a lot of in the past 5 yrs ? Gold
Here’s a chart showing Central Banks gold purchases v. Central Banks UST purchases Jan-13 thru Dec-17:
postimg.cc/image/92wskv6lh/
So not surprising to see this pattern of a Cup and Handle with a clear breakout for the GLD/TLT ratio ...
Long Gold
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.