TLT - Gold Takes Off Once The Fed Starts Yield Curve Control Deadline March 31

• Gold has been moving lower since August when the 10-year yield bottomed out at 0.5%. Since then, yields have more than tripled and gold has moved down almost 20%.
• The correction in gold is nearing its end as the Fed will soon be forced to embark on yield curve control to cap long-term rates.
• This will likely send gold soaring to new highs.
• In the meantime, I believe the Fed may be keeping silent on yield curve control in order to give primary dealer banks maximum opportunity to cover short gold positions on the Comex.
• The banks have successfully covered almost 90,000 contracts since January, but may not be able to cover much more at these prices since the "Other Reportables" are not budging on their long positions.

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