GOLD 0.51% $1,391.7 gold futures

Dub - whether you're in the shares or the bullion the future...

  1. 437 Posts.
    Dub - whether you're in the shares or the bullion the future looks bright.

    From the latest Richard Russel article (Feb 14, 08):

    "Bonds -- The bonds appear to have topped out. This occurs when the bond market senses an expanding economy ahead or rising inflation ahead. So what are the bonds sensing? Something "changed" on January 23, shown by the black reversal day on the chart. Today the long bond broke below its red 50-day moving average, indicating that rates are turning up. My guess -- the bonds are smelling inflation."

    Can't emphasise how much the bond market dwarfs the gold market (and what effect this will have on the gold price when all this money knocks on the door)!
 
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