Lower yield(s) are pressing beneath key support in what has morphed from a possible bottom between July 2013 (1.38%) through mid-to-late 2015 (2.37%-2.49%) into a massive distribution pattern that threatens to send yield to historically low levels. And that is juxtaposed against what looks like a developing bottom/accumulation pattern in spot gold over the past 2 1/2 years.
What's the message?
REFLATE, REFLATE, REFLATE -- to "save the world", avert a deflationary spiral and to trigger economic growth.
