Global government bonds are in a massive bear market, but markets don’t go in one direction every week. I’ve run this chart for TLT many times showing the selling climaxes, as a contrarian position in early December, when almost everyone was extrapolating bond prices to crash. Similar to December 2016 with gold, which was also “crashing”. I’ve said this 100 (or whatever) times since December 2015, gold is in a secular bull market, combined with an accumulation area. There will still be plenty of volatility (buying opportunities), but we’re closing the window on that later this year. And in the meantime, too many people are caught up in all of the correlations between markets – like the following one about the US$, Treasuries, and gold.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
Leave a Reply