Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Can you provide some insight into the decoupling of UST's and the Yen. It seems like the once correlated assets have decided to march to the beat of their own drum. Is the yen starting to price in potential currency/sovereign issues, bonds acting as flight to safety from US equities and Greece, or is there a larger issue here?
Thanks
Mike
Is there a level you are watching on US 10 and 30 years which are "game changers" for gold and SPX? I guess I am looking for a level in yields in which equity buyers start to get concerned, reflation vs. inflationary feelings. Thanks
Thanks