Goldtent TA Paradise

Updated Look at Gold’s Fundamentals

1. Fullgoldcrown says:

   September 15, 2019 - 9:26 pm at 9:26 pm

   I dunno Jordan….seems to be some panic tonight

   🙂

2. Afasilver says:

   September 15, 2019 - 10:53 pm at 10:53 pm

   Pay attention to Mike Oliver (MSA) … his new thesis is commodities are very ripe for upside surprise. There is almost a 6 year overhead momentum structure (bigger than silver) that is becoming ripe for massive upside explosion. He follows the Bloomberg Commodity Index and sees the current move in gold/silver/commodities similar to the 1970s.

   • TheDailyGold says:

     September 15, 2019 - 11:08 pm at 11:08 pm

     It will take a little time for Gold to move from being a rates trade to an inflation/commodities trade. Initially commodities would outperform Gold in that scenario.

     • Afasilver says:

       September 15, 2019 - 11:35 pm at 11:35 pm

       Relatively, I agree, but that isn’t to say they can’t both move up together. Currently gold is far outpacing commodities … the relative strength may shift to commodities for a time, but in that environment gold and commodities will move up together. I think the movement of both will also depend on how fast and far the first move is by commodities and where the FED is in its cutting cycle.