
While looking at a 10-year chart of gold, Worth kept in mind that there are numerous bullish technical patterns forming on the chart. ” This is the beginning of an important move higher, even though weve currently move quite perfectly again from the lows of September,” Worth described. ” Its unclear what [golds] role is as a hedge against inflation, however the thought that it has to go down when rates are increasing is not developed in any method,” Worth said this week on CNBCs “Futures Now.” On February 21st, the 10-year Treasury yield struck its greatest level in four years, underscoring the jitters of some financiers stressed about rising rates. Looking back 20 years, Worth compared the performance of […]