@Crom Valen
@Pointyfigures
One of the reasons I don't rely too much on the FA is because for every piece of optimism essay, there is an equal and opposite justifications regarding the future. If more US-Iran conflict, gold will continue the apesheet rally and vice versa as we experienced last week. Ditto for monetary policy and risk equity and every other event/Govt or CB policy that can either reign in or trigger 'animal spirit'.
With a chart, you can define withing one;s set of criteria if the trend is up, down or sideway. One has to believe that TA is the reflection of the consensus among the brokerage houses of their FA research adopted by the majority. I won't get into the discussion of manipulating prices to suit a particular agenda etc but with money at stake I am not surprised it happens.
Yes, I too have noticed that gold and equity rallied together but I could not explain the traditionally concept of risk inverse to safety, currently an very oxymoron condition IMO. I can only explain it from the historical concept that since gold do not yield and rewards for holding except the idea of wealth protection, opportunity cost in this ultra low environment is not really an issue for gold bars collecting dust in a dark room/vault/safe.
I am Oz biased since my main ccy is AUD and with the conditions if one is leading seeking from retail sales, cpi and almost monthly with established retail outlets going VA, our local economy is not in the best shape. Here again it is debatable if those accumulating evidence from economic numbers are confirmed by the AUDUSD. The ccy is recovering off the low well ahead of bush fire activity and if my read is correct, most of the bad news have already been factiored by the market and AUD will likely make a comeback. This is not the best condition for the gold producers or XAUAUD.
Crom, I am impartial to equity or gold because prices do not move in a straight line up or down. Your post suggest that you are stuck in the middle depending upon events and policies be it Reump, Feds or the US-Iran disputes and correctly agree that prediction of the future is futile. You, I or anyone without authority including some with minor authority cannot influence the future. Over the decade, the events (Grexit, Brexit, -ve IR, Trade war, QE, Repo pump etc) have tested the markets completely and it continued the bull run. I take this as resilience of risk equity markets regardless of easy money conditions. I don;t see any changes and in fact if Trump were to lose the re-election, we may get another very aggressive bout of volatility but right now it would appear it is business as usual with Phase 1 signed into law and we get everyone speculation on the size of the growth to propel markets.
Pointy, I don't have a view of Bitcoin or crypto in the same way wrt Cannabis stocks, payment systems or some colorful Tech start up to IPOs. Millinials are the future and if they prefer crypto to paper notes or paying through their phone or wrist watch, who are we old foggies to say the are wrong. I hear a lot from Schiff about Bitcoin having no fundamentals etc and I do agree on paper but reality is more important to what I think, The market don't care so I have to mold my thinking around the market. The same way Buffet didn't think much of Apple initially before it convinced him! Tesla is also another story that being a Billionaire thinking it is a ration of truths are losing money like there is no tomorrow! LOL
Lets continue this discussion, I am tired of the muck chucking about any posters. I do enjoy Skol's post and agree/disagre at thies likewise climate change and the current 8M hectare bush fire and counting. Climate skeptic is rebndered idiots while green waving aggression are in control of the ultimate truths! All very sad really.
