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Bunn-Wackett

24,254 Posts.

1391

22/05/20

04:14

Post #: 44764509
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Originally posted by Dr.Who: ↑

Positive gold1. If treasuries yield spikes too high too quick, gold is likely to respond: negative correlation Gold US10Yr the coefficient currently reading -0.5
2. It's speculative nature - always the potential for it run on its own momentum - traders get a sense of retail pouring money in, let it run 'short-term'
3. If the virus is not showing definite signs of coming under control by July, then I would expect gold to run on a panic theme

Negative gold1. virus under control and people getting back to work by July - stimulus measure will kick start economic activity feeding company profits
2. stories come in waves - the fiat is dying and debt implosion 'stories' will wear thin when it is seen that policies are delivering what they promise
3. again an opposite of a positive - some CB buying got people excited - a stall of that and it will have a negative impact on gold price

All in Doc's opinion!

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“If the virus is not showing definite signs of coming under control by July, then I would expect gold to run on a panic theme”

The virus isn’t under control but you’re now calling gold down. What’s changed since late April when you made the statement above?
2 Upvote

0 Great analysis

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