Gold Bugs Put Foot Down Last 2 Weeks, Hoping Cooperation From Real Yields Ahead

As things stand, gold is trading in sync with real yields. Defense of $1,670s is a sign the metal ($1,741.70) is beginning to price in a decline thereof in the weeks/months ahead. But there needs to be more. Recapturing of $1,760s-$1,770s can kick off a self-fulfilling prophecy. The corresponding level on (GLD) ($163.24) is $166.

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