Loading ...For Pat
Shout out to Goldtent Reader Pat who sent e an email asking me to have a look at TLT…He said its in a Channel
Well as you know When TLT drops that means Interest Rates Rise
We all KNOW the Fed is in an Interest rate hiking cycle…right…so TLT will drop …right ?
Well… according to this chart there are 4 Good Reasons this Ain’t So ! Can you spot them ?
Oh and BTW Gold has been positively Co Related with TLT for the most Part the last 15
years !
Great Eye Pat !
Remember you 6 week cycle?
Or as I like to put it F42 calendar days
TLT cycles low-low around F42 days which comes in around 08-09 Mar when there is announcements for the ADP Employment Report and Jobless Claims!
The question is for how long will it bounce?
Couple of years According to this Chart
What’s that about the eye of the beholder? Looks to me like since that last vertical black line BOTH TLT & Gold may be putting in in parallel bear flags- Yikes
Not with that RSI turning up and the uptrend support and the 200wma support which has held for 10 plus years and the 3 year cycle bottom
I remember you postulated one more blow off in Bonds …
Here is what I think is happening:
https://goldtadise.com/?p=387220