Tom McClellan: Gold’s 20-and-a-half month lead signals start of new LT bond yield trend

Tom McClellan: Gold’s 20-and-a-half month lead signals start of new LT bond yield trend
Gold leads new trend in LT yields

Tom McClellan notes that gold’s 20-and-a-half month leading indication suggests the trend for long-term bond yields is only just beginning.

He states that the relationship and its implications for yields are discussed further in a separate analysis.

McClellan previously argued that gold trends point to sustained higher oil prices in a separate analysis on his homepage, as detailed in Gold movements suggest higher oil prices ahead. He has also examined the unique characteristics of Bitcoin Commitments of Traders data in Bitcoin COT report data differ from traditional markets. McClellan’s recent work continues his focus on relationships between commodity movements and broader market signals.

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