Yields Are Biting Again
As will be the norm much more often than not, my precious metals analyses will be part and parcel of the freely accessible Stock Trading Signals analyses. Here within Gold Trading Signals, you‘ll find the trade position calls and surrounding reasoning regarding gold whenever required.
Enjoy today‘s gold analysis – it‘s the second half of it as usually.
As the long-dated Treasuries turned lower, gold obliged and declined – and miners’ whiff of relative resilience doesn’t cut it. The metals look set to be under pressure throughout today as renewed sensitivity to rising yields is kicking in:
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2 thoughts on “Yields Are Biting Again”
I found this interesting. I think gold probably is in the very rare "conflicted sentiment state" in which we will see a sharp price move (one way or the other). Please watch this short (2 minute) video from the Chief Economist at CME Group (Chicago Mercantile Exchange). cmegroup.com/education/featured-reports/videos/conflicted-sentiment-in-gold.html
Thank you Ed, nothing new there – I'm covering inflation expectations but don't view these as solely a function of economy growth optimism, but as a result of monetary and fiscal interventions as well. Bitcoin has been rising more so than gold for quite some time – it's a trading vehicle, not a store of value. We could have seen such a sharp move the CME refers to already, yet it didn't happen (these two assets diverge for quite long), as these two aren't in the same class. The drivers of gold are other than Bitcoin…
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