Has A New Gold Bull Market Begun?, page-124

I think some folks confuse Equity market move markets but it is actually Bond markets that influence the equity markets and interest rates as you have indicated. That yield curve is saying LOUD that Yellen will not raise rates yet if this year. However a lot can happen in one year but judging by the equity market reactions to G20 solutions for global growth, I suspect there is no new ideas at all. Same tools as usual to seek a different result!

I am yet to understand the fundamentals driving gold, just no clarity with the stimulus. In theory low Tbond yields should be negative gold since the economic conditions are deflationary. However a low yield environment in US is saying that rates will stay low so the punters should be jumping back to higher yield ccy (carry trade) at least for the commodity ccy. But that also leaves the Fiber/Cable the 2 other makeup of the USDX big boy weighting that are also screwed economically. Throw in JPY and we have just mix messages if money is leaving US for these pastures. Seem like GOLD is in a limbo in terms of what is pulling it up or pushing it down. I have given up understanding the fundamentals.