Bon Bonds?
$TNX – 10 Year US Treasury Yield Index – DAILY
TNX broke below the neckline of a mini SHS pattern and appears to be retesting the break down.
When yields go down interest rates are falling and bond prices go up. PM bulls would like to see TNX continue on a downward path.
TLT – IShares 20+ Year Treasury Bond ETF – DAILY
TLT appears to be sitting testing Support level near 140. When Bond prices rise $GOLD often tags along for the ride.
My gut feeling right now is the Gold market could be in for more misery. However, the BOND market has not confirmed a breakdown. Not yet, anyway.
C’mon Bonds, be good.
As I posted recently TLT headed to 147, probably by end of the month.
Well, bonds stabilized this morning but $GOLD took an ass kicking anyway.