• 6 hours How A Pandemic Made Americans Better Workers
  • 10 hours The Trillion Dollar Space Race Crosses Another Milestone
  • 14 hours Gold Prices Fall As Stock Market Sentiment Turns Positive
  • 1 day Conspiracy Theories Set Tone For 5G Cold War
  • 1 day Working From Home Will Transform The Energy Industry
  • 1 day The Multi-Billion Dollar Race For A Vaccine
  • 1 day Can Domestic Tourism Bolster Emerging Economies?
  • 1 day Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 1 day Has Re-Opening The Economy Been Successful?
  • 1 day Gold Miners Still Have Massive Upside Potential
  • 1 day The Risky World Of Oil Hedging
  • 2 days Africa Turns To Innovation Amid The Global Pandemic
  • 2 days COVID-19 Sparked A Bicycle Boom
  • 2 days Will Government COVID Intervention Cause Inflation?
  • 2 days The Bitcoin Miner That Is Paid To Do Nothing
  • 2 days Capital Gain vs. Capital Consumption
  • 3 days Tesla’s Latest Battery Innovation Ready For Use In China
  • 3 days China Targets Hong Kong As Cold War With US Heats Up
  • 4 days No Shirt, No Shoes, No Mask, No Service
  • 5 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Rambus Chartology

Rambus Chartology

Rambus Chartology

Rambus Chartology is Primarily a Goldbug TA Site where you can watch Rambus follow the markets on a daily basis and learn a great deal…

Contact Author

  1. Home
  2. Markets
  3. Other

TLT Update...US Bonds and Gold an Odd Couple

Lets start by looking at a weekly chart for TLT, 20 year bond etf, which shows it built out a H&S top last summer. That H&S top is a reversal pattern that showed up at the end of its bull market which has been ongoing for many years. There is a big brown shaded support and resistance zone that has been offering support.

TLT Weekly Chart
Larger Image

This next chart is a 15 year monthly look at the TLT which shows it has built out a four year 5 point bearish rising wedge which broke to the downside in November of last year. If there is a backtest it would come in around the 129.75 area.

TLT Monthly Chart
Larger Image

TMV is a 3 X short the TLT.

TMV Weekly Chart
Larger Image

This last chart is a combo chart which has the TLT on top and GLD on the bottom. It’s not a perfect correlation by any means but these two have been moving together pretty consistently over the last year or so. GLD is currently backtesting its neckline and a support and resistance line going back a year and a half or so. If GLD can trade back above the neckline and the S&R line the bulls will be talking to us. To say this is a critical area for GLD is an understatement. Definitely an area to keep a close eye on.

TLT Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment