GDX – VanEck Vectors Gold Miners ETF $32.74
TBT – UltraShort 20+ Year Treasury $19.75
Long-term interest rates are causing issues with gold, gold miners and some large cap stock valuations. Unless it reverses it, will eventually cause problems for the entire stock market. Since it is inverse to government bond prices, you can visually (TBT chart) see it is causing pressure on bonds prices.
Long-term mortgages are rising as well.
Mortgage rates soar to highest level in months amid inflation …
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* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
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