by Gary Christenson, Deviant Investor:
T bonds have been levitated higher as central banks aggressively pushed their “Inflate or Die” QE process.
Examine this log scale chart of monthly T bonds since 1985. I have drawn a red line that more or less connects the most significant tops in the past 30 years.
After each touch of the thirty year log-scale resistance line the T-bond market fell substantially.
Peaks have occurred about every six years with an extra peak in 2012.
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