I was looking through some charts and when I saw the daily 30yr-5yr yield ratio it seemed familiar. Hmmm… Oh yeah, that’ it!  It looked a lot like a GLD chart I had checked out earlier. Here are the two Amigos for reference.

It makes sense because gold is squarely a risk ‘off’ item now and the 30yr/5yr is antithetical to the risk ‘on’ stock market as this chart clearly shows.

Got to love charts, eh?  A million different pictures, a million different stories.