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

Mr Copper–Wanka-gang….actually I said the other day that gold made THEE bottom

Posted by Richard640 @ 14:01 on November 14, 2014  

Now our biggest task is to get over the horrific 3 yrs negative conditioning–even after the action so far–PMs and pm stocks are way back at yr 2000 and 2008 prices…so drop the negativity and get with the program–there are rumors that some big fund/funds have gotten long

In a mainstream article they gave the “alibi” thusly for the rise–but gold has declined for 3 yrs as bond yields have dropped–low rates reduce the opportunity cost of holding gold–so why today???


FXStreet (Mumbai) – Gold price received a shot in the arm since the Treasury yields in the US failed to sustain gains despite a better-than-expected US retail sales and Michigan confidence data.

Gold traded 0.44% higher at USD 1166.30/Oz levels, while the ten-year treasury yields retreated to 2.347% from the day’s high of 2.377%. The two-year treasury yield declined to 0.536%, from the day’s high of 0.548%.

Moreover, the yields have retreated despite the advance retail sales printing at 0.3% in October; higher than the market expectation of 0.2%. The Preliminary Michigan confidence number for November came-in at 89.4, higher than the expectation of 87.5.

The falling yields despite strong data is indicative of falling rate hike expectation. Thus yellow metal, which is known to have an inverse relationship with yields, gained strength.

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