by David Brady
While we await new stimulus on both the fiscal and monetary front—similar to or in excess of that from March to July—we have to endure the continuation of this slow grind lower in Gold and Silver. However, technical and sentiment indicators signal that precious metals and miners are sufficiently oversold and bearish for the lows to be in place and the next rally to new highs to begin.
10-year real yields are back down to near record lows. So why isn’t Gold rising?
[…] Either real yields have to rise or Gold does. It’s only a matter of time.
The dollar index has continued to dump to its lowest level since April 2018, and yet Gold has been falling alongside it. Again, why?