Loading ...Is TLT leading $GOLD?
“Look at TLT over laid GLD on a chart and you can see TLT leading GLD down” – Norman, in comment from a previous post.
Here is a weekly chart of $GOLD. Below is TLT for comparison, followed by $GDM, $HUI, $XAU, and GDX.
Click on the chart to expand.
GLD – Daily (TLT in the lower frame)
I would post the actual chart but I do not have copyright permission from Thompson Reuters. I did post the DSI on Nasdaq is at 90 as of Friday.
I think 30 year bonds bounce up to test breakdown line… hence lower yields.. leading to a surge for gold.
Leading? I’m not sure.
But no question in my mind … they are tracking each other and have for several years.
They always show up on my scans in locked synch.