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Gold Plunges Beneath $1,700 as U.S. Yields, Dollar Spike

CommoditiesMar 30, 2021 03:53PM ET

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NLP1 Mar 30, 2021 3:35PM ET
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Mr. Krishnan, I always look forward to your articles and enjoy your insight. Here’s my 2 cents (it’s actually worth less than that based on current trends): Golds five-year trajectory has a bullish inclination. It demonstrates a store of value. The 10-year yields 20-year chart shows a clear decline.  If this were inclining, the government would have trouble servicing it’s debt. The dollars 20-year chart resembles a sine wave in a descending stage.  Possible real inflation on the rise. All point to bullion eventually becoming higher in value. More stimulus and infrastructure money just keep pushing the above charts in the directions they are already headed. Now add the fact that banks will be "forced" to use allocated gold accounts to help generate their revenues. With possible infrastructure stimulus in the next 2 months and Basel III by the end of June, it would make sense for bullion to be worth more by the middle of the year.   How much more is a pure guessing game.
Barani Krishnan
Barani Krishnan Mar 30, 2021 3:35PM ET
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Greetings, NLP1; hope all's well and really honored to have readers like you. Your 2 cents is more like 2K ... ha ha. Indeed, your insight makes so much sense, if only one has to patience to ride out the madness of the "now" in gold in wait of what's to come. In the school of economics I subscribed to in the 80s -- yes, the old school -- inflation was just inflation and gold was gold: meant as a hedge. Now, of course, Wall Street banks have redefined all the rules, enough to make Keynes roll over in his grave many times. Let's see wait for the summer and Basel bring. Bests to you and thanks again for the insight.
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