Hello Ten-Year One-Handle, Hello Gold

Gold blasted $48 higher today and the 10-year Treasury yield briefly fell below 2.0% with Mideast tensions rising.

Mideast tensions are heating up as Iran Shoots Down US Drone: "You'll Soon Find Out" if US Plans Strike Says, Trump.

I expect cooler tempers will prevail but who knows?

US Treasury Yields

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Gold Above Major Resistance

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Finally!

Gold convincingly blasted above major resistance in place for three years. It needed to $1377.50 and closed at $1396.90.

A test of the $1340 to $1370 area from above is now likely. If it happens, buy the dip.

Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...

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