Gold is rallying because it’s pricing in huge risk coming from the higher for longer mantra… smart money is no longer concerned about yields from interest rates (which competes with gold) but rather the higher interest rates along with the lag effect breaking things very soon… not to mention all those regional banks needing to make all their underwater long term bonds whole in May 24 (and pay interest on the temporary bail out). The Wars are just exasperating the situation, by creating supply chain issues impacting inflation in the west, potentially lift interest rates and threatening to slow down global economy, slow liquidity and potentially breaking something… with or without wars, Gold was set to rally.
Physical demand is through the roof in the east… and bullion banks have dropped their short positions quicker than I’ve ever seen in the past decade….
Gold is rallying because it’s pricing in huge risk coming from...
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Last
$2.01 |
Change
0.000(0.00%) |
Mkt cap ! $1.518B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7858 | $2.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 6621 | 1 |
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| Last trade - 09.44am 02/10/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
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