More $TNX Speculation
Bullish rising flag (chart 1) turns out to be a halfway pattern to the upside, taking price up to ~ 4.
(Approx. equal to the quarterly SMA 100, charts 2 & 3.)
If this did occur, I would expect gold, silver and the PM miners to take a serious beating.
RoW is beginning to get nervous that the US is heading towards bankruptcy and is going to demand a higher rate of interest
to offset that risk, so the macro backdrop fits in with the charts in this respect:
https://www.zerohedge.com/news/2018-09-14/goldman-what-going-us-usually-reserved-times-war
If it reaches $4, then it may be the high for next decade. I wish it reach 4, so I can invest gold for long term.
This slow interest rate is pain to gold investors :(.