Asset markets depend on this one chart (also from NFTRH190) that continues to cling to life. Amazing, in'it? PS: Think of it as the relative 'commodityness' of silver vs. the relative 'moneyness' of gold.
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There are so many of these "make or break" charts out there that one is bound to hit
ReplyDeleteOr they'll all hit together. If the long bond breaks up (yields down), Ag-Au would be expected to break down, and lead commodities and markets right down w/ it.
DeleteGary, it looks like we will probably know sometime this week, by the end of the month for sure. I hope it breaks south, but given the already extreme sentiment probability tilts toward breaking upward. Commodities and bond yields will again be king when this bond parabola ends in Q3! Imagine what the sentiment will look like if that were to happen - even more extreme.
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