The Correlation Between Gold, USD, and The 10 Year Yield
Jordan Roy-Byrne joins me today to outline the recent movements in gold, the USD, and treasuries. After the strong upward move by gold last week people were thinking we could finally get that breakout above the $1,360-$1,375 range. The last couple days have put an end to those thoughts and now being one day away from the end of the the quarter for the markets the breakout seems less likely. We also compare the USD and 10 year yield charts to our outlook for the metals.
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Click here to visit Jordan’s site. It is well worth your time!
Heeding that advice, what vehicles have you personally been using all year to short the miners then?
Since this is the same point you made repeatedly last year, how did you do personally shorting the miners and did you use options or did you use inverse ETFs?
If Spanky knew how to hedge, he wouldn’t be bleating about maybe losing his shirt while he says he is sitting on long-term gains.
So why is he acting like a know-it-all about hedging?
Bingo! Great questions, yet I doubt we’ll get any substantive answers.
The next 7-10 days should be quite fun for anyone holding miners.
geez, nobody is even arguing with you now spanky.
Thanks again for the ad hominem attack.
Umm no…. that was just wisdom from Mark Twain.
Spanky is impervious, not worth arguing.
+1 That was point in the link above.
Spanky, what are the two brightest stars of The American economic system. Number 1 is Amazon, and number 2 is Facebook. Does anyone here think that the golden future of American business is embodied with companies like these two. The future will only be bright if manufacturing for the world becomes “The American Way”, again. DT
A Tale Of Two Neutron Stars: The Birth Of Gold
David Lin – Kitco News – Wednesday March 28, 2018
“How does one create as much gold that weighs about as much as the earth?”
“Simple: bring two neutron stars together….”
“We estimate that the collision created about as much gold as the mass of the Earth,” said Professor Andrew Levan of Warwick University, in an interview with the Financial Times. An estimated six billion trillion tonnes of gold could have been formed from one collision, the article said.
http://www.kitco.com/news/2018-03-28/A-Tale-Of-Two-Neutron-Stars-The-Birth-Of-Gold.html
Twinkling in the sky is a diamond star of 10 billion trillion trillion carats, astronomers have discovered.
http://news.bbc.co.uk/2/hi/science/nature/3492919.stm
Grade isn’t everything 😉
good one GH.
DOJ Inspector General reviews alleged FISA abuses by DOJ, FBI
Justice Department Inspector General Michael Horowitz announced Wednesday he will review potential Foreign Intelligence Surveillance Act (FISA) abuses by both the Justice Department and the FBI, following requests from Congress and Attorney General Jeff Sessions.
The Office of the Inspector General released a statement Wednesday outlining the initiation of a review.
“The OIG will initiate a review that will examine the Justice Department’s and the Federal Bureau of Investigation’s compliance with legal requirements, and with applicable DOJ and FBI policies and procedures, in applications filed with the U.S. Foreign Intelligence Surveillance Court (FISC) relating to a certain U.S. person,” the statement obtained by Fox News read. “As part of this examination, the OIG also will review information that was known to the DOJ and the FBI at the time the applications were filed from or about an alleged FBI confidential source.”
The OIG statement added that Horowitz will also “review the DOJ’s and FBI’s relationship and communications with the alleged source as they relate to the FISC applications.”
“If circumstances warrant, the OIG will consider including other issues that may arise during the course of the review,” the statement read.
$Gold derivitaves rigging for last Friday of each month in London
Maguire interview posted on March 27th…from the 4:30 to the 9:30 mark. Over a Trillion dollars worth of notional derivatives settle … minute 8:45
I have gains but not that much anymore. Another couple of bucks off of AG, and I will be underwater. I’m not disagreeing that we are in a new bull. I was just not prepared mentally for a 2 year (potentially longer) consolidation. There in absolutely no bullish analog with any action in the miners between ‘98 and ‘12 currently. The 89 WMA is now arcing downwards for most indexes and individual names, with price below that MA. That’s not exactly a bullish factor for the medium term. You also have silvers 200 dma below the 600 dma—same with $HUI—not exactly what you want to see in a bullish consolidation.
Yen getting absolutely hammered today. Correlation between the yen and metals apparently only works on the downside now.
Like I said, shorting miners has been a wonderful way to hedge long portfolios is just about any asset class, even gold!