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⋅ US Treasuries are selling and US yields are rising ...
Do you know know what Central Banks have bought a lot of in the past 5 yrs ? Gold
Here’s a chart showing Central Banks gold purchases v. Central Banks UST purchases Jan-13 thru Dec-17:
postimg.cc/image/92wskv6lh/
So not surprising to see this pattern of a Cup and Handle with a clear breakout for the GLD/TLT ratio ...
Long Gold