TLT Weekly

They say that there's no correlation between interest rates and gold prices. As a rule, you would not correlate prices with an abstract notion, such as bond yields.

But if gold prices rise when interest rates fall below inflation, then there aught to be a price correlation between bonds and gold prices.

There is a very significant lag in gold prices with bond prices, but a strong price correlation. And, this is absolutely totally unintended, because the financial interest in gold is basically on the short side.

http://scharts.co/RuQIfK

-F6