I was looking through some charts and when I saw the daily 30yr-5yr yield ratio it seemed familiar. Hmmm… Oh yeah, that’s it! It looked a lot like a GLD chart I had checked out earlier. Here are the two Amigos for reference.
It makes sense because gold is squarely a risk ‘off’ item now and the 30yr/5yr is antithetical to the risk ‘on’ stock market as this chart clearly shows.
Got to love charts, eh? A million different pictures, a million different stories.
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