As the US$ and VIX are breaking down through critical intermediate term “Trend” support, Gold is breaking out through the same.
For the “Macro Men” on our desk here in the Haven, this makes perfect sense. These macro indicators are all correlated.
Don’t short gold; buy it on down days. Don’t buy it on the 1st down day like today – wait on it; patience has paid in this market and it will pay you here. There is a solid gold support line built up at $801/oz (see chart).
“Re-Flation” cometh. This is The New Reality.
KM
For the “Macro Men” on our desk here in the Haven, this makes perfect sense. These macro indicators are all correlated.
Don’t short gold; buy it on down days. Don’t buy it on the 1st down day like today – wait on it; patience has paid in this market and it will pay you here. There is a solid gold support line built up at $801/oz (see chart).
“Re-Flation” cometh. This is The New Reality.
KM
