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Gold Rises with Equities, Bonds Continue Swoon | stockpricetoday.com

Gold Rises with Equities, Bonds Continue Swoon | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

Why gold (AMEX:GLD) is trading as a risk asset with equities and not a risk-averse asset is odd to me, but that is the situation. Gold is rising with bond yields along with equities. Now the last time I checked the gold bears were still of the opinion that once bond yields started to rise gold would be pulled down to somewhere south of $1200 per ounce. Well, since the U.S. treasury market topped on July 23rd, yields on the 10 year U.S. Treasury note (AMEX:UST) has risen from 1.382% to 1.845%, a 33.5% rise in yield.

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U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com

U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

The rout in U.S. Treasuries is becoming biblical. 30 Year Bond futures dropped 1.5 points, crashing through horizontal support at 147 and 146.5 to close Wednesday afternoon’s trading at 146.01. The yield climbed to 2.91%. 10 Year Treasury yields rose to 1.80%, up 0.071%. This sell-off in Treasuries is particularly worrisome because there has not been a commensurate rise in equities. The S&P 500 (AMEX:SPY) rose just 1.60 to close at 1405.53 (0.11%). If the money is rotating out of U.S. Bonds and Securities and not flowing into U.S. equities, where is it going?


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