Yield Spread 30 yr to 5 yr Treasury vs Gold and Silver
To eliminate the trading noise this chart compares weekly 30ema Gold, silver price with yield spread TYX/FVX from 2002 .
From 2012 on ward credit market has been in narrowing phase. Since last two weeks now spreads across the board is turn up. That should benefit lift PM prices like it did from 2002 to 2011
Well done!Using moving averages are great way to reduce noise indeed! Great proxy to see trend!
I credit the idea to Spock.