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Boogee conventional wisdom would say your right. But markets...

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Bull#1

195 Posts.

11/12/16

18:57

Post #: 21258248
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Originally posted by boogee ↑

Lower bond prices (remember the US Fed has a heap to sell) = higher rates.

Higher rates = higher USD

Higher USD = GOLD lower

A move to fiscal stimulus (projects, infrastructure spending etc etc) from Trump means issuing a heap more debt (read US treasury bonds) = even lower bond prices = higher yields = higher rates = higher USD = GOLD lower.

This is why the US markets are rallying, in anticipation of a heap of fiscal stimulus about to be enacted of which they will be the beneficiaries.

Argue with the trend at your own peril I hate to say it. Something has to give eventually but how long can you wait until that happens.

Lovely results from BDR the other day I must say, crying shame how the macro picture has this turning out for now. Can't say I saw it coming but it makes a lot of sense. I will be waiting until I can see a proper bottom in gold and then start accumulating again.

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Boogee conventional wisdom would say your right. But markets have never been conventional nor have they been wise. My question to you is why have gold stocks been making higher lows and gold bullion has continued lower? Looks like selling has exhausted itself to me.

BDR Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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