Why now? Entering the Goldielocks zone

[Hydrogen]

Gold exploded higher…?
Ggp exploded higher…?

Why now? What’s the catalyst I hear you ask? it’s the war surely - it’s geopolitical…? Well yes but, no, not really. That’s a contributing trigger…

But really it’s the bond market. The 10y yield has just rolled over… and put in its first lower high. Top end of the yield range is 4.92. And gold sniffed it out perfectly.

Now market participants know the best way to capitalise on falling long term interest rates is gold.

So gold cuts loose 10% in a week and the quality mining names follow fast. So impressive, is this situation for gold. This really could initiate a face ripping rally…

The fed capitulated. The US treasury is globally lost appeal.

Well it’s actually a bit worse than that.

Excuse my language… but it’s genuinely not an understatement to say the US Treasury market is totally fuc*ed by its worst year ever in history. And forever is a long time.

TLT has seen near enough 50% losses. Thats supposed to be the safest asset… That’s total f-ing carnage… And with more endless supply of US gov confetti bonds to fund debt spiral deficits truth is it could even go lower still.

Anyway that’s the call. >>>>> Goldilocks for gold.

With the long end of the curve fully collapsing this is where the big calls for 2500 or 3000 gold come from…

So just maybe a few sharp shooting pension fund and general fund managers been watching ggp and could be moving into the ‘premium’ gold names now; immediately as a consequence.

I noticed HOC and Degrey both Lept. Not explosively like ggp - but you get the picture…