A comment in the last post challenged me to put up a chart of gold compared to bond yields. I think the poster was somehow insinuating that rising rates are bad for gold. Let's put it to the test shall we?
I don't think any one can deny that gold is in a secular bull market..at least not with a straight face.
I now believe that interest rates are also now in a secular long term bull market. As you can see from the chart they have had no trouble rising together since the beginning of the year.
I kinda like those apples ;-)
Market Direction Change
2 weeks ago