March 2019 Gold: $1300
Currently Gold:$1600. Yield curve went from Flatening to inversion to steepening now. Spread between 10 yr Treasury rate minus 3 month T bill rate.

“3/27/2019-This input shifting from bearish to bullish requires a reversal in the yield curve from flattening (long-term rates falling relative to short-term rates) to steepening (long-term rates rising relative to short-term rates). If the reversal is driven primarily by falling short-term interest rates it indicates a boom-to-bust transition, such as occurred in 2000 and 2007, whereas if the reversal is driven primarily by rising long-term interest rates it points to increasing inflation expectations. The US$ gold price could rise to the $1400s during the second quarter of this year as part of an intermediate-term rally, but to get a gold bull market there probably will have to be a sustained trend reversal in the yield curve.

https://tsi-blog.com/2019/03/the-fundamental-backdrop-remains-slightly-bullish-for-gold/”