Market Timing Brief for the Gold ETF (GLD) and 10 Year Treasury Yield (TNX) Closes On 4-17-2014: As I Said.

A Market Timing Report based on the 4-17-2014 Close published Sunday April 20, 2014

The gold/rate dance continues.  Rates crept up, really due to a major jerk up at the end of last week, and gold fell back a bit toward the higher low.  What we don’t know is whether the decline will take us all the way back to that higher low as shown on the chart.  If it does, it had better bounce, or there will be another level of damage.

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GLD chart:

gld-gold-etf-market-timing-chart-2014-04-17-close

Gold falling back to prior higher low.

Ten Year Treasury Note Yield Chart (TNX, TLT, TBT):

tnx-10-year-treasury-note-market-timing-chart-2014-04-17-close

Rates bounced near the bottom of the prior range.

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Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter @SunAndStormInv (see link to upper right).

Copyright © 2014 By Wall Street Sun and Storm Report, LLC All rights reserved.

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