Gold Long

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Why long? Gold going up even when SPX is going up? Why is that?

Look at what Fed is doing driving yields down.

Two types of Fed pumping: bond buying and Fed Repo.

Bond Buying driving yields down forcing investors to chase assets for positive yields across the board, stocks, including Gold.

See here Fed announced bond buying Oct 2019 flickr.com/photos/186259512@N07/49426318681/in/dateposted-public/

All the negative rates countries 11.6 Trillion chasing positive yields including Gold. See here flickr.com/photos/186259512@N07/49306983387/in/dateposted-public/

Fed Repo at records not seen before driving stocks higher, but isn't the main driver for gold, it's yields being suppressed by the Fed.

Fed Repo see here record levels in history flickr.com/photos/186259512@N07/49317589508/in/dateposted-public/

As Bond yields keep getting suppressed by Fed, gold goes higher. Fed is doing this to drive money to flow to stocks, which some of it gets spilled over to Gold.


注释
Global Negative Yield Debt is helping Gold!

flickr.com/photos/186259512@N07/49871848537/in/dateposted-public/
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