Gold Jumps as US Treasuries Fall
Are we at a tipping point?
Markets are reacting strongly as US Treasuries fell late on Friday, breaking out of a very well established bull flag in yields.
US 10 Year Treasury Yield Daily.
Gold and Silver both hit an all time high
GOLD/USD Daily
SILVER/USD Daily
And the USD and US equity futures are falling
DXY Daily
US Equity Futures
Markets crash when many unrelated issues occur at the same time. Hence COVID wasn’t a crash and the FED’s response was able to save the day. Forty years later, still no-one can explain Black Monday in 1987, the Dow Jones Industrial Average falling 22% in one day alone.
If there has ever been a Bevy (collective term) of Black Swans looking for trouble, surely it’s now.
US equity markets are closed for Martin Luther King Day today.