Is Gold getting heated up for a new Rally?

My fellow Steemians,

In my humble opinion gold is getting ready for a new rally.

In the chart below from Crescat Capital you can see the correlation between the gold price and the 5 year real yield on bonds (inverted).

image.png

You can see that the real yield is negative. This pushes investors to gold.
And the correlation has broken down since the beginning of 2020 with the yield getting more negative with a breakout above the dotted line and the gold price going down.
This can not last for long and gold is already going higher at this point.

These negative real yield along with massive short positions of the bullion banks on the comex could lead to an enormous short squeeze!

So buckle up and enjoy the ride ...

Thank you for reading!

Sort:  

Gold will go to the Moon is Phase One of the U.S. Monetary Reset to Sound Money, then Double those Highs in Phase Two of the U.S. Monetary Reset to Sound Money...
December 8, 2020... 19.4 Hollywood Time...

oh.. impressive.. it seems gold price really can highrocket soon

Hi @chinchilla ,

@steem-sri.lanka is a community curation project based on Sri Lanka with 127 000 Steem Power. We are looking for more delegators to powerup our curation project.

We usually offer 2$ vote for 5000SP delegation and ~15 Steem weekly.

For 10000SP it will be 4$ and ~30 STEEM weekly

We would like to invite you to delegate us.

Thank you

Hello friend! Get double cashback every day! Vote for the witnesses @steemit-market and @alexmove.witness and enjoy life! Good luck!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70810.22
ETH 3571.29
USDT 1.00
SBD 4.73