Bam Bam
Well-known member
Maybe the gold futures are inversely related to the DXY? If you could overlay a DXY chart over a gold futures chart, you might see that the dollar and the gold compete with each other. Just a guess.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Dollar is at all-time highs. That is certainly not helping gold, as @Bam Bam surmised. We just have to keep in mind that over the last 12 months, anything that went down is going to be negatively correlated to rates and the dollar. It doesn't mean that has to hold tomorrow. This is one of the crazier markets I have seen in terms of the difference of opinions on data and outlook. The money is all pointing negative however.I got less faith in the dollar than I do in the market right now, and that's saying something. #*^@#* it, I bought this morning.
View attachment 241558
I’m afraid to look now.The herd's starting to run now. Beans and rice boys, beans and rice.
That 2% APY on my savings account seems real good right now lolThe herd's starting to run now. Beans and rice boys, beans and rice.
My wife is sitting on a giant horde of cash(giant for poor people)…how I will ever convince her to deploy it will be the challenge. Bonds are on path for record yearly losses. The bubble has finally popped in my opinionThat 2% APY on my savings account seems real good right now lol
Nevermind that you get to pay taxes on that windfall and inflation is over 8%.That 2% APY on my savings account seems real good right now lol
Better than the alternative. My test “conservative” yield port has been absolutely crushed in the last week in a half +2% to -5%.Nevermind that you get to pay taxes on that windfall and inflation is over 8%.
My wife and your wife must be related.....My wife is sitting on a giant horde of cash(giant for poor people)…how I will ever convince her to deploy it will be the challenge. Bonds are on path for record yearly losses. The bubble has finally popped in my opinion
Yeah exactly lolBetter than the alternative. My test “conservative” yield port has been absolutely crushed in the last week in a half +2% to -5%.
When the dollar turns(we got to be close) I think GLD might not be a bad spot for some money. Something I’m considering.View attachment 241566
Had this recent short and sweet statement when viewing GLD on the ToS platform.
EM debt when/if the dollar turns.When the dollar turns(we got to be close) I think GLD might not be a bad spot for some money. Something I’m considering.
Sounds like my tsp. Looks good from afar until I acknowledge the "x"% per paycheck auto deposited. Haha!I've got an automatic transfer to my we bull account but lately I haven't even been buying anything. Sometimes I'll dollar cost average some of my positions but otherwise I'm thinking cash is my best position during then fall when I don't have time to research
I'm surprised nothing has broken yet.Still no flight to safety in bonds. We are going down!!!!!