{"id":16317,"date":"2018-05-26T01:34:10","date_gmt":"2018-05-26T01:34:10","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16317"},"modified":"2018-05-26T01:47:53","modified_gmt":"2018-05-26T01:47:53","slug":"falling-bond-yields-fail-to-tame-gold-bears","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/26\/falling-bond-yields-fail-to-tame-gold-bears\/","title":{"rendered":"Falling bond yields fail to tame Gold bears"},"content":{"rendered":"<p>10-Year Treasury yields retreated below 3.0 percent after threatening a bond bear market for the past week.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"10-Year Treasury Yield\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-05-26-tnx.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Breakout above 3.0 percent would complete a large double bottom reversal in the secular down-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"10-Year Treasury Yield\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-05-26-tnxq.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Rising bond yields would be expected to weaken demand for gold as the opportunity cost of holding precious metals increases.<\/p>\n<p>The other major influence on gold prices, the Dollar, continues to strengthen. A strong Dollar would weaken the Dollar-price of gold.<\/p>\n<p>The Dollar Index is rallying to test resistance at 95. Penetration of the long-term descending trendline in April suggests that a bottom is forming. Bullish divergence on the Trend Index indicates buying pressure.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Dollar Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-05-26-dxy.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Spot Gold retraced to test the new resistance level at $1300\/ounce &mdash; the former support level. The declining Trend Index indicates selling pressure and respect of the descending trendline would warn of a test of primary support at $1250\/ounce. <\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Spot Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-05-26-goldw.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Australian gold stocks fared better, with the All Ordinaries Gold Index finding support at 4950 and the rising Trend Index signaling buying pressure. Respect of the long-term trendline would confirm another primary advance.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"All Ordinaries Gold Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-05-26-xgd.png?w=525&#038;ssl=1\" \/><\/p>\n<p>The reason is not hard to find. The Australian Dollar is at a watershed, testing primary support at 75 US cents as the greenback rallies. A Trend Index peak below zero would warn of strong selling pressure. And breach of primary support would signal a decline to 69\/70 US cents. <\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"AUDUSD\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-05-26-audusd.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Offering a potential bull market for Aussie gold stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>10-Year Treasury yields retreated below 3.0 percent after threatening a bond bear market for the past week. Breakout above 3.0 percent would complete a large double bottom reversal in the secular down-trend. Rising bond yields would be expected to weaken demand for gold as the opportunity cost of holding precious metals increases. The other major &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/26\/falling-bond-yields-fail-to-tame-gold-bears\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Falling bond yields fail to tame Gold bears&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39,40,31,9,57,35],"tags":[166,292,1073,3204,3482],"class_list":["post-16317","post","type-post","status-publish","format-standard","hentry","category-aussie-dollar","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","category-gold-precious-metals","category-stock-markets","category-us-dollar-index","tag-all-ordinaries-gold-index","tag-australian-dollar","tag-dollar-index","tag-spot-gold","tag-treasury-yields"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Falling bond yields fail to tame Gold bears - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Falling bond yields fail to tame Gold bears - the patient investor\" \/>\n<meta property=\"og:description\" content=\"10-Year Treasury yields retreated below 3.0 percent after threatening a bond bear market for the past week. Breakout above 3.0 percent would complete a large double bottom reversal in the secular down-trend. Rising bond yields would be expected to weaken demand for gold as the opportunity cost of holding precious metals increases. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-4fb","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":14554,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/25\/gold-falls-as-dollar-climbs\/","url_meta":{"origin":16317,"position":0},"title":"Gold falls as Dollar climbs","author":"ColinTwiggs","date":"November 25, 2016","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16327,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/08\/dollar-resistance-and-weaker-bond-yields-a-reprieve-for-gold\/","url_meta":{"origin":16317,"position":1},"title":"Gold benefits from Dollar weakness","author":"Colin Twiggs","date":"June 8, 2018","format":false,"excerpt":"The Dollar Index encountered resistance at 95 and is now retracing to find support. Support above 91 would be bullish, while breach of 91 would see another test of primary support at 88.50. 10-Year US Treasury yields are likely to face stubborn resistance at 3.0 percent until threats to the\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14933,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/10\/gold-bears-grow-as-fed-hints-at-rate-hike\/","url_meta":{"origin":16317,"position":2},"title":"Gold bears grow as Fed hints at rate hike","author":"ColinTwiggs","date":"March 10, 2017","format":false,"excerpt":"The Fed is expected to hike interest rates next week. 10-year Treasury yields broke resistance at 2.5 percent, signaling an advance to the 2013\/2014 high of 3.0 percent. Breakout above 3.0 percent is still a way off but would complete a large double bottom signaling the end of the 30-year\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10136,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/06\/26\/gold-rallies-as-the-dollar-weakens\/","url_meta":{"origin":16317,"position":3},"title":"Gold rallies as the Dollar weakens","author":"ColinTwiggs","date":"June 26, 2014","format":false,"excerpt":"Overview: Treasury yields weaken The Dollar weakens Gold rallies Interest Rates and the Dollar The yield on ten-year Treasury Notes is headed for another test of primary support at 2.50 percent. Follow-through below 2.40 would would signal a decline to 2.00 percent*. 13-Week Twiggs Momentum continues below zero, indicating weakness.\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"10-Year Treasury Yields","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-26-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-26-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-26-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15072,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/31\/gold-bullish-as-dollar-finds-support\/","url_meta":{"origin":16317,"position":4},"title":"Gold bullish as Dollar finds support","author":"ColinTwiggs","date":"March 31, 2017","format":false,"excerpt":"10-year Treasury Yields are consolidating around the 2.5% level. Upward breakout is likely and would signal an advance to 3.0%. The Dollar Index has found support, with a large engulfing candle at 100. Recovery above the descending trendline would suggest a fresh advance, with a target of 108*. Reversal below\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10257,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/09\/gold-strengthens-on-dollar-weakness\/","url_meta":{"origin":16317,"position":5},"title":"Gold strengthens on Dollar weakness","author":"ColinTwiggs","date":"July 9, 2014","format":false,"excerpt":"Treasury yields weaken The Dollar continues to test long-term support Gold is strengthening Interest Rates and the Dollar The yield on ten-year Treasury Notes is again testing support at 2.50 percent. Failure would indicate a decline to 2.00 percent. Follow-through below 2.40 would confirm. Market expectations favor low interest rates\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"10-Year Treasury Yields","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-09-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-09-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-09-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16317"}],"version-history":[{"count":8,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16317\/revisions"}],"predecessor-version":[{"id":16325,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16317\/revisions\/16325"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}