Macro Danger for Gold
I love gold.. can’t wait to go all-in… but where is my low risk entry… where I got good support and wont get triggered out?
This chart worries me most…
Wall of worry?
Has the fed got the bond market under control?
Edit. Side question.. what happens to gold in case of soverign debt defaults? Credit disappears… currency base diminishing should also equivalent a lower gold price? Any ideas welcome!
Edit2: The fed is buying TIPs now… so that will keep the real yield under control… but for how long? I don’t think they did that in 2008.. so that spike in real yield could maybe be avoided now…
Retest of that BIG BO at 1350 makes sense !
Almost has to happen