Is gold’s time now finally here? | Metals Mine

  • Is gold’s time now finally here?

    From blog.hycmlab.com

    Gold has been touted as a stagflationary asset, but gold has been falling steadily since March highs. The increasingly aggressive Fed rate hiking expectations and risk-off trading has kept the USD bid. Furthermore, the push higher in yields since the start of the year pushed real yields higher too. However, has the USD reached peak strength now? Will real yields start to push lower? If they do it is worth being aware of gold’s seasonal strong run ahead. Over the last 54 years July, August, and September have been strong seasonal months. Is gold worth buying now?
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Trader#55F2
Jul 5, 2022 8:58am
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It is usually wise not to view markets other than independent entities ------------> if you understand chaotic systems you will see why. Since there is not space allowed here for me to go into detail lets just say the spurious correlations used in "fundamentals" are just that. And since "fundamentals" is a non science and a near nonsense for market discovery, the simplest solution in most cases is simply try to discover the trend for your asset of interest and trade always with that in mind. How can you know the relationships between assets when you have not learned to time a single one of them. Timing moves is what you want to learn not looking behind your back to see where the USD is in a moment.

The Crow (-_-)
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