GOLD 0.51% $1,391.7 gold futures

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  1. 4,387 Posts.
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    US Bond holders are currently selling down bonds hence the rise in 10y interest rate etc...this selling is putting a short-term demand on US dollars... however these dollars are then being used to buy commodities...so basically a rotation out of bonds and into commodities is occurring...in the end dxy will fall..commodities will rise and Fed will have to buy more bonds to keep interest rates down...resulting in following chart...
    Move that dirt..

    https://hotcopper.com.au/data/attachments/2924/2924812-83be3a57263428e9b359582ea42a7587.jpg
 
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