• 846 days Will The ECB Continue To Hike Rates?
  • 847 days Forbes: Aramco Remains Largest Company In The Middle East
  • 848 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,248 days Could Crypto Overtake Traditional Investment?
  • 1,253 days Americans Still Quitting Jobs At Record Pace
  • 1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,258 days Is The Dollar Too Strong?
  • 1,258 days Big Tech Disappoints Investors on Earnings Calls
  • 1,259 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,261 days China Is Quietly Trying To Distance Itself From Russia
  • 1,261 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,265 days Crypto Investors Won Big In 2021
  • 1,265 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,266 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,268 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,272 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,273 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,275 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Bonds and Gold: Worth Watching!

The safe haven play was the place to be today. Bonds jumped as stocks sold off. The long bond is approaching a key resistance zone of $123-125. It's something that needs to be watched as the bond market has been leading moves in the stock market.

30-Year US Teasury

The Gold market also benefitted from the safe haven move. The gold market has grinded higher out of an inverse head and shoulders pattern, and on the verge of testing its 2009 high.

Gold Continuous Contract

Gold performed well today, but silver did not. That's not exactly a bullish sign for the economy. The gold market has a target price of roughly $1,250 based on the inverses head and shoulder pattern. If so, I can image that comes on the back of eventually more stock correction behavior, as the safe haven move continues.

 

Back to homepage

Leave a comment

Leave a comment