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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (111896)4/6/2020 11:03:41 AM
From: Rarebird  Read Replies (1) | Respond to of 116929
 
TLT began to rally while the Fed was raising rates. I think TLT has topped out and will retest its 200 Day moving average here short term over the next few weeks. That's about a 15% move before I see another rally to 165-170 in May when the market may retest its lows.
I can hear RealMan in the background saying how can you short TLT via TBF While the Fed is doing QE. My answer is that the Fed is doing QE partly because there is a shortage of dollars and other CBs throughout the world are selling dollars and bonds to raise cash. That is to say, only the Fed is buying while other CBs and investors are selling.