Does Basel 3 Explain the Gold Price Fall?, page-13

2016, on popular business channel called the 40Y bond rally over. I am sure the same sentiment in 2012 too? Maybe we will see those commentary again this year? Back from 2017 as the QT kicked in, IR rose to a point when coupled with Trump's trade war, equity markets started showing volatility in 2018. Feds had to back flip then Repo rates shot up 10% ove night that literally forced the QE back on. Aren't we QE-ing 85B monthly currently?

Using the Tips measure, real yields are still negative so inflation rising will cancell out the bond yield rise. Does getting less negative is a sign of recovery? I often wonder.

Like it or hate it, millinials are the driver of growth in industries. That Bitcoin and all its crypto versions are not a one day wonder in the same way BNPL is not just a dream to challenge credit cards. The internet revolution took 2 decades from the dot com boom to reality as a growth industry. We are now referring to SAAS and all its hybrid forms, AI data analytics, cloud and payment systems replacing traditional methodology that I was more akin to. I am a late follower of such Tech but have started getting exposure as the ignorance diminish in what it is all about. I think of Bitcoin in the same way as Gold and Tech like gold explorers. None pays a return for holding so cap gains crystalised is the only form of payment.

In the Covid phase, Bitcoin and its 800 hybrids trades 24/7. I happened to listen in on a youtuber live talking about them and some are like micro cap explorers in the cents and this is where fortunes are made and lost fast. I only see Cryptos as the high profile ones but this 'asset' class is alive and kicking. I have also been watching GME/AMC/KOS/RKT as wallstbets are still punting there and Biden's furlough checks will only super charge price actions. Good to learn TA which is an ongoing exercise.



Gold 1670 based on the support confluence with the trend line & Fib of 61.8 a few bucks higher had all the hall marks of a reversal. A break of this level would have been very bad on teh technicals. $1767 remains th eproblem resistance and with the current rally I was aware that along the way to the resistance, there is usually a pullback. From $1703 is where it had to bounce off and last night before sleeping I was expecting the worse necause the bond yields and DXY was suggesting gold tocontinue selling off. Ditto Nasdaq.

Will $1767 break through? Let the Gold gods make it happen!