GLD / TLT Ratio

US Treasuries are selling and US yields are rising ...
Do you know know what Central Banks have bought a lot of in the past 5 yrs ? Gold

Here’s a chart showing Central Banks gold purchases v. Central Banks UST purchases Jan-13 thru Dec-17:

postimg.cc/image/92wskv6lh/

So not surprising to see this pattern of a Cup and Handle with a clear breakout for the GLD/TLT ratio ...

Long Gold