Macro Is Now Positive For Gold
Image Source: Pixabay
As the 10-year yield pushes to higher highs the yield curve is fast approaching 0 and positive territory, which is a strong recession signal. That is pressuring the stock market and boosting Gold, which is also showing strength in real terms.
Gold is knocking on the door of major resistance once again. The recent break below $1900 was a false breakdown.
Video Length: 00:06:58
More By This Author:
Interview: Gold Technicals And FundamentalsStealth Bottom In Gold & Gold Stocks?
Implications Of False Breakdown In Gold
Disclosure: None
How did you like this article? Let us know so we can better customize your reading experience.
Comments
No Thumbs up yet!
