market overview, page-4

@Mossberg
on gold behaviour in recent correction - it wasnt a flash crash needs to be more than 20% to be called a crash - its just a correction.

so no real pointer imo. corrections dont cause widespread withdrawal of funds from market - they flush undiscciplined money sure - but pros were selling those tops and bought the correction lows

they do cause rotation though as i said - people put more to cash, more into risk hedges like gold and bonds as you mentioned and generally start to be more risk aware

at this point id say gold is doing its own thing based on USD needing to fall another 5-6% to get back to par value - increased market pessimism on Trump/republican debt expansion - and as potential inflation hedge

as i mentioned the other day - in real interest terms - the real interest rates are unchanged now vs 3 months go. US 10 yr is up from 2.4 to 2.9% - but rolling 3 month inflation rose from i think it was 2.1% to 2.9% i read.

anyway - basically its either slightly positive or slight negative from 3-4 months ago - nothing that would significantly shift its attractiveness relative to other asset classes

When USDJPY hits .98-.99 - then i think real interest rates will become more a factor in gold price direction