OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Possible Reason For That Gold Dip Last Few Days

Posted by Mr.Copper @ 12:22 on August 12, 2020  

Possible a little jump in rates. The 10 year Bond went from .51 to .68%. Who cares? I remember the 1970s, Rates went from 5% to 21% lock step with Gold $140 to $800. Naturally it was a headwind for Gold back in the day, and if they DIDN’T keep raising the rate, gold would have gone a lot higher and the Fed Res system would have ended back then.

But the clowns always got lucky. Pulling rabbits out of their hat. I strongly suspect their luck was finally running out after their 2008 meltdown. After which the gave out 105% liar loans to maintain consumer spending.

Fed Gov’t conversation:

“Forget about giving them a raise, just give them a loan” “Even if they don’t pay it back, who cares?” “Its just paper money anyway” .

http://schrts.co/ATYRbMhz

https://finance.yahoo.com/quote/%5ETNX?p=^TNX&.tsrc=fin-srch

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.