Loading ...Agree, the action is not great in the metals considering the smashing of the USD and SM, and the rally in bonds. I guess until you look at pretty much everything else.
OTOH, things don’t look great for Goldman’s forecast of the ten year at 3% by year end as it’s now at 1.90%. Doesn’t also look good for their forecast of $1050 gold. Whoops.
You know the drill, gold won’t really start to pick up steam until the drumbeat for QE4 begins and all growth forecasts are wiped out.