$TLT - SAFE HAVEN -
Added 2024-05-07 11:43:22 +0000 UTC$TLT continues to move higher and has recapture the descending wedge and the 0.618 Fib, this is likely down to the US 10 YR continuing to reject under 4.7%.
As long as this continues, $TLT will move higher, they are directly inversely proportional to each other.
$TLT for me will always be a safe haven and the prices are at historical lows, so slowly adding $TLT over time is a smart decision.
I like Silver right now and have been adding to my position, some may like $TLT instead or even Gold, whatever you choose, it is always appropriate to consider a hedge against the market.
It must be noted that I have also been adding $BIDU and $BABA as my US market hedge too
