gold, page-103000

Gold is weak again into NY open. $1772-1760 is the range confluence with the TL. Breaks that TL I won't want to contemplate how far down the rabbit hole.

It is now +ve correlated to Bitcoin! And we did not even get the bull love like BTC, more like bullsheet. Now it is yield up gold down, forget the inflation hedge, never understood the concept and still don't.

I heard an expert opinion that the inflationary nature currently is not driven by just money supply but the rate of that supply. Accordingly the yield curve is flatlining so the signal is for a slowing US economy. If this is the case, this favors gold. What are the influence of Powell re-appointed causing the gold to sink like a stone? Price action suggest this is the case, the reasons are more wide on the spectrum of views.