With heavy TARRIF putting on Chinese Lumber Products and Chinese Lumber Import accounts for more than 60% of American Supply, We are running out of LUMBER.
People staying home from COVID spent even more on HOME IMPROVEMENT leading to the LUMBER shortest.
The Price is dropping back though with the MACD crossing under,
July this year, for the first time European Union issued a Common Bond and have a unified Monetary policies
In addition to be able to weather COVID 19 much more effective than the United States, EU with Germany at the center have a much more conservative Fiscal policies.
With recent CROSS UNDER of MACD, this is the opportunity to BUY for long-term.
10Y treasury Yield has always moved in the opposite direction with GOLD... So it is clear that in medium and longterm, GOLD will continue it upward trend.
10Y Treasury yield will not be increased at anytime in future unless China decides to sell US treasury.
Critical price point is coming around 1840. Gold will either stop the decline abobe 1800 and go back to 2000 or will accelerate the decline to 1600 if it drops below 1840.
