reluctantplumber

Sell your Gold if the 10yr yield has bottomed

TVC:US10Y   US Government Bonds 10 YR Yield
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So the worst case scenario is that Gold gets beat to death while the yield rises and best case, it holds its ground in the 1300's - Not to say the yield makes it to 3% anytime soon but waiting for Gold to move higher may prove more than most can take.
Sorry, just to understand, haven't you always been bullish on gold? Have you changed your mind? Or the above is way to hedge your views?
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@lu1977hk, I love Gold, thanks for asking. However, we have to be real about it. The FED has taken a more dovish stance and is intent on driving equities and asset prices higher. This has the money managers removing money from Bonds into risk assets. The result is higher bond yields, those higher yields hurt the dollar value of Gold, because those of us who love Gold, will chase the yield instead. It will revert at some point, attractive yields will only go un-bought for so long. Buy into weakness, sell into strength, always keep a core holding of Gold and above all - Patience - good trading to you!
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lu1977hk reluctantplumber
@reluctantplumber, Thanks, does that also imply you are not anymore short on stocks? How do you see the dollar moving with higher yields coming?
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@lu1977hk, Well lets just say I am certainly not long equities and if yesterday is any indication of the dollar's reaction to higher yields then dollar is still headed higher. I think dxy 100 is in the future. https://www.tradingview.com/chart/INbQQMv6/ - I feel like I'm a Bloomberg contributor - great question. :)
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