Loading ...TLT & The Miners
This looks like a massive H&S pattern building out to me.
The last time TLT took a dump, H2 2016, the miners took a dump too.
Can’t see the outcome being any different for the miners if TLT dumps again.
Be careful you don’t get hurt here people.
Thanks for the warning, JL. Bought some TBF on Friday.
Should’ve read your previous post first! 🙂
The correlation between Bonds and Gold shifted to negative in recent months.
Hence, as Bonds started to crack, Gold rallied back up to resistance.
I expect precious metals will make their major breakout during next leg down in Bonds.
If they don’t, I think the long miners entry will be when bonds top out.