MGV 0.00% 39.0¢ musgrave minerals limited

Ann: High grades continue at White Heat, Cue, page-40

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  1. 179 Posts.
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    Correct - the gold price is very much tied to real treasury yields, with the 10 year yield minus nominal inflation in a strong (not perfect) negative correlation with the USD gold price.

    Yields are trending up, and have been for a few months now. That is bad for gold, but also bad for the US Treasury, which has an awful lot of debt to repay. Google Yield Curve Control - if that were to occur (many commentators believe it to be likely), it could very well be great for gold.

    As I said: "in a macro environment where not too many dominos would have to fall in our favour for the gold price to continue its ascent and potentially reach new highs".

    But like @RoyE I'm not one for back and forth, so that'll be it from me. It's still a good idea to update your sentiment.

    Good luck to you, and GLTAH.
 
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