Hello Ten-Year One-Handle, Hello Gold
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