Gold’s 20-Month Signal Points To Higher Oil & Treasury Yields Please ❤️like, bookmark🔖, and 🔁share with fellow investors In this Short video, Tom McClellan @McClellanOsc and @AdamTaggart discuss the powerful relationship between gold, crude oil and Treasury yields — and why a roughly 20-month lag in gold’s movements suggests the recent surge in oil and interest rates may have much further to go. * Oil and the 10-year Treasury yield have been moving closely together. But there’s an interesting divergence: crude has not yet exceeded its March high, while Treasury yields already have. Tom’s interpretation is that markets viewed the original oil spike as temporary and expected it to reverse. This time, the renewed rise in crude is being taken much more seriously, potentially putting greater pressure on long-term rates. * The bigger signal comes from gold. Historically, Tom finds that gold prices provide roughly a 20.5-month leading indication for Treasury yields. When gold’s chart is shifted forward by that amount, many of its major rallies, consolidations and turning points are subsequently echoed by interest rates. This doesn’t mean yields will match gold’s percentage moves. The value of the relationship is in the direction and timing of the turns. And that signal is pointing higher. * Gold’s violent advance in late 2025 and early 2026 suggests Treasury yields could experience their own powerful advance roughly 20 months later. The model points toward a steeper rise in rates beginning toward the end of 2026 and unfolding over the following year. * A similar relationship exists between gold and crude oil, using approximately a 19.8-month lag. Looking back to 2014, Tom sees many of gold’s major “dance steps” subsequently appearing in oil. The current crude rally is arriving roughly on schedule following gold’s earlier breakout, suggesting oil could still have considerably further to run despite inevitable corrections and event-driven volatility. * That creates an important macro combination: gold’s historical signal is simultaneously pointing toward higher oil and higher Treasury yields. The longer-term timing is especially interesting. Gold peaked around January 2026. Applying the roughly 20-month relationship suggests that oil prices and Treasury yields could reach an important cyclical peak around August 2028. * The takeaway: the current rise in crude and long-term rates may not represent the end of the move. If gold’s historical 20-month lead continues to hold, it could be signaling a much larger period of upward pressure on both oil prices and Treasury yields ahead. #gold# $GLD #crudeoil# #yields# 💡 Get access to notes with the key takeaways from this interview with @McClellanOsc by visiting @AdamTaggart 's Thoughtful Money Substack (link below) ⬇️