NFTRH182 Out Now

"The weekly view [of a 30yr/2yr yield curve & gold] shows a longer term perspective reaching back to before volatility became the norm in 2008. Gold has reliably benefited from the rising curve, which in essence implies rising inflation expectations. The curve has declined since the momentum of last summer (again, we note how damaging the euro crisis hysteria was to gold) and has been given a hard shove down some more by the Fed’s policy of meddling with buying and selling of bonds. So gold came down too. Simple.

Now, will the curve remain on big picture trend, which is up, or will Bernanke just take over the Treasury market forever and ‘win’? He had better lose because I like living in a semi free country with semi free markets.

When you see things like an article quoting Gartman fretting about a series of lower highs and lower lows in gold and then calling an end to the bull, maybe it helps to review other pictures and questions like the ones above?"

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