I believe stock markets will push to ALL time highs, and squash gold in the process.
Ever since the REPO operations started the yield curves started to steepen.
The bond market was sending a strong signal something is wrong, and somehow they were able to reverse the trend. So far, I see a massive push to raise the yields, and it keeps working.
Naturally as bond yields go up, golds will continue downward. There is a long way down.. Bond prices will fall, yields will go up and gold/silver will go down..
In Mid Dec the FED will probably not cut again, and the big breakdown will occur. I think that will be the time to buy, or shortly after.
The US-China tradewar seems to influence gold, however in reality, it seems to be fake. We had a huge breakdown because of supposed agreement, which Trump then said wasn't true. There was no reversal, but further losses.
I am looking at USD value and Bond Yields for gold value at this point, both of which are pressuring it down.
What do you think? Post your ideas in the comments.
Ever since the REPO operations started the yield curves started to steepen.
The bond market was sending a strong signal something is wrong, and somehow they were able to reverse the trend. So far, I see a massive push to raise the yields, and it keeps working.
Naturally as bond yields go up, golds will continue downward. There is a long way down.. Bond prices will fall, yields will go up and gold/silver will go down..
In Mid Dec the FED will probably not cut again, and the big breakdown will occur. I think that will be the time to buy, or shortly after.
The US-China tradewar seems to influence gold, however in reality, it seems to be fake. We had a huge breakdown because of supposed agreement, which Trump then said wasn't true. There was no reversal, but further losses.
I am looking at USD value and Bond Yields for gold value at this point, both of which are pressuring it down.
What do you think? Post your ideas in the comments.
Comment:
Looking to Nov 27 for the potential next down step.