“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Gold vs. U.S. Treasury Yield
Perhaps the 61.8% Fibonacci retracement (above) and 50% (below) was the bottom, and the bull will resume