I would assume, like Bonds, they are a safety play when equities get “toppy”...
Personally there’s a lot of indecision and consolidation in the market right now trying to decide its next big move.
TLT has unfinished tech business at the 50MA, which it didn’t close above, we need to see how it trades tomorrow on Fed direction. But maybe miners had some similar technical moves left in the chart if they lagged metals....
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