
Please try another search
Gold remains in a bullish big-picture consolidation but failed to break out as the Fed quelled banking issues and the economy has avoided recession.
The market has discounted a soft landing as capital has moved out of Bonds and into equities.
Inflation expectations have begun to perk up mostly due to the rebound in Oil.
Gold is struggling because the market has discounted a soft landing and inflation, but the kind associated with an economic rebound. Furthermore, real interest rates have moved to the highest level in nearly 15 years.
As we can see, inflation expectations and commodity prices have rebounded and are approaching their 2022 highs. Meanwhile, the 10-year yield is breaking out, which has started pulling the dollar higher.
Gold and precious metals could struggle until the yield curve steepens above 0.00, signaling a bear steepener, which is bearish for the stock market.
A bear steepener would likely result from a continued steady increase in inflation expectations and the 10-year yield reaching 5%.
The Gold market could be waiting for stagflation, which requires, in addition to inflation, rising unemployment and weak growth.
A continued rise in oil and bond yields would eventually tip the economy into stagflation territory.
The jobs market is already weakening, and note that the impact of Fed tightening, according to Apollo Global Management) will be the most severe in Q2 and Q3 2024.
Meanwhile, gold and silver stocks continue to struggle as metals prices have failed to break out and cost pressures remain. Sentiment has turned negative in recent months, and valuations have declined further.
As I wrote last month, this is a time to research companies poised to benefit from the inevitable breakout and new bull market in gold. Once stagflation hits in 2024, there is no turning back.
The huge rally in gold and the monstrous decline that followed provided a sign of epic proportions.Powerful Bearish CombinationGold price’s huge-volume reversal is the last thing...
We have had a nice ride off the bottom in gold and silver which I suggested was close in September and alluded to in my August article. This was my first article since April of...
Despite a rollover-gap-up opening on the first trading session of this week, Gold futures could remain in the grip of the big bears, wait above the level of $2089 as the macro...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.