The curve is rising again, with nominal maturities dropping. A risk ‘OFF’ alignment and if this keeps up and one day becomes a trend, it’ll be pleasurable for gold.
Indeed, much of what is happening between inflation, deflation and other asset markets on a global scale is good for gold and better for the miners. A couple macro funda’s have been holdouts, with the yield curve being one of them.
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com.