![\"10-Year](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-11-26-tnx.png?w=525&ssl=1\" "\\"10-Year")
<\/p>\nInterest rates are surging as the market anticipates rising inflation under a Trump presidency. 10-Year Treasury yields are testing resistance at 2.50. Breakout is likely and would signal a test of resistance at 3.0 percent. Penetration of 3.0 percent would warn that the 30-year secular down-trend in Treasury and bond yields is coming to an end.<\/p>\n
<\/p>\n
The Dollar strengthened in response to rising interest rates, with the Dollar Index breaking resistance at 100 to signal a primary advance with a target of 107*.<\/p>\n
![\"US](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-11-26-dxy.png?w=525&ssl=1\" "\\"US")
<\/p>\n
* Target medium-term: 100 + ( 100 – 93 ) = 107<\/p>\n
Gold breached primary support at $1200 in response, signaling a primary decline with a target of the December 2015 low of $1050\/ounce.<\/p>\n
![\"Spot](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-11-26-gold.png?w=525&ssl=1\" "\\"Spot")
<\/p>\n
In the long-term, higher inflation and a weakening Yuan could both fuel demand for gold as a store of value. But the medium-term outlook is bearish.<\/p>\n","protected":false},"excerpt":{"rendered":"
Interest rates are surging as the market anticipates rising inflation under a Trump presidency. 10-Year Treasury yields are testing resistance at 2.50. Breakout is likely and would signal a test of resistance at 3.0 percent. Penetration of 3.0 percent would warn that the 30-year secular down-trend in Treasury and bond yields is coming to an … <\/p>\n