True to form albeit a few days late, a US election triggers a sell-off in gold. Yes, I am aware Pfizer euphoria was what the market was hoping for and found that the economic depression is over. This will be another good BTFD in gold stocks for those looking for leverage and beta.
@Skol, I doubt the gold price would crash like like 2013 wedge breakdown being a daily TF wedge. If this pattern was played out over the weekly TF, I would be very concerned.
Bond yield rose, equity rose from a high point so who is wrong? QE has obscured the mechanics of inter-market relationships. Could we have another strong DXY/Equity in tandem? I am confused about trying to analyse relationships with different asset classes. Also someone please explain why Tech requires a low bond yield environment to keep growing while the general equity market doesn't from the Pfizer and bond yield spike overnight in US (Nasdaq sell-off aggressively)?
gold, page-87779
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