I highly recommend Bloomberg for interest rate data…
The above shows a positive situation for gold on today’s snapshot. Any one day should not be made too big a deal of. But given the setup being watched by NFTRH subscribers at least, we should be managing daily.
Here’s the less sensitive 10 vs. 5. I am not able to get real time data on the 2 year at stockcharts.com. Hence, the above graphic.
I know this is geek stuff but my job is to marry the fundamentals with the technicals and interest rates are one of the key fundas. We are prepared for maybe one last dip in the PM’s (on this leg down, prior to an anticipated new up leg) but it would be good to see a positive divergence develop in interest rate spreads at the same time. Likewise, it would not be so good if yield spreads do not recover. Simple.
