6 weeks of #Gold inflows pic.twitter.com/yAmmkaBy4z
— Win Smart, CFA (@WinfieldSmart) August 3, 2020
The silver miners to Nasdaq ratio just broke out from a near decade resistance!
Big mindset shift already happening:
Precious metals are no longer haven assets.
It’s where investors position for growth.Buy gold & sell stocks. pic.twitter.com/qPscidtYTO
— Otavio (Tavi) Costa (@TaviCosta) August 5, 2020
Remarkable how inflation expectation and nominal yields are moving in opposite directions.
The Fed's new mandate, suppress yields at all cost.
Meanwhile, US Treasury keeps raising its borrowing estimates:
$947B in Q3
$1.2T in Q4Just the beginning of a frenetic gold rally. pic.twitter.com/gYbqZ61apl
— Otavio (Tavi) Costa (@TaviCosta) August 5, 2020
Bulls Bet That Bond Market’s Trillions Are Coming for Gold
For unabashed gold bulls, there are trillions of dollars in the bond market just ready to snap the metal up in a world short on hedges but big on risk. Spurred on by real yields at record lows and monetary dangers ahead, asset allocators are primed to start ditching some of their government…
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