Here Is The Most Important But Least Watched Gold Chart Of 2016!
Dow Theory Letters: “The relative strength of bonds vs gold is shifting in favor of gold (see powerful reverse head and shoulders chart below).
Gold Near Critical Breakout vs 30-Year U.S. Treasuries
King World News note: This will be an extremely important breakout for the gold market when it overcomes the sloping downtrend line and powers above the reverse head and shoulders formation vs 30-Year U.S. Treasuries. Some professionals will put on large spread trades when this breakout occurs. Meaning, they will short U.S. 30-Year Treasuries and go long the gold market. KWN will keep you up to date when this breakout takes place.