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<p>[QUOTE=&quot;yakpoo, post: 663973, member: 18157&quot;]This first chart shows the GLD (Gold) ETF vs. the 10-Year Treasury Note. The inverse relationship through 2008 is what I would expect to see...the effect of the commodity&#039;s carry trade on inventories. </p><p>&nbsp;</p><p>Around January of 2009, the chart reverses itself and gold begins moving in tandum with the 10-Year Note.</p><p>&nbsp;</p><p><img src="http://i664.photobucket.com/albums/vv10/Yakpoo/Gold.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>The SLV (Silver) ETF vs. the 10-Year Treasury Note shows it even better.</p><p>&nbsp;</p><p><img src="http://i664.photobucket.com/albums/vv10/Yakpoo/Silver.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>&nbsp;</p><p>&nbsp;</p><p>Since industrial production is down, I&#039;m guessing the reversal most likely reflects a move out of dollars and into commodities (in this case Gold and Silver). These types of charts are helpful (to me, anyway) in predicting intermediate price trends.</p><p>&nbsp;</p><p>...but I could be wrong. :goofer:[/QUOTE]</p><p><br /></p>

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