$TNX:!PRII Weekly

A curious outcome has been that the fundamentals supporting gold have deteriorated on the price-borne yield curve inversion turning to steepening.

The $TNX:!PRII weekly chart has broken out over previous highs, but the gold price has maintained its level. This would normally mean a new low in the gold price.

I presume this to be a signal to deflation, though the dollar has deteriorated.

http://schrts.co/owsIfs

-F6