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June 20, 2019 | Hello Ten-Year One-Handle, Hello Gold

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Gold blasted $48 higher today and the 10-year Treasury yield briefly fell below 2.0% with Mideast tensions rising.

Mideast tensions are heating up as Iran Shoots Down US Drone: “You’ll Soon Find Out” if US Plans Strike Says Trump.

I expect cooler tempers will prevail but who knows?

US Treasury Yields

Gold Above Major Resistance


Gold convincingly blasted above major resistance in place for three years. Gold needed to top $1377.50 and did. It closed at $1396.90.

A test of the $1340 to $1370 area from above is now likely. If it happens, buy the dip.

Mike “Mish” Shedlock

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June 20th, 2019

Posted In: Mish Talk

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