This past week confirms the following that you have to respect the impossible Trinity.
You can have a positive stock market & attract foreigners with rising bond yields, but not with a rising USD.
The new Bear Market in Bonds with rising yields will be very positive for gold .
Looking at the ratio of TLT / GLD as a proxy for gold
and the rising 10 year yields TNX https://www.tradingview.com/chart/dU7uAw9P/
You can have a positive stock market & attract foreigners with rising bond yields, but not with a rising USD.
The new Bear Market in Bonds with rising yields will be very positive for gold .
Looking at the ratio of TLT / GLD as a proxy for gold
and the rising 10 year yields TNX https://www.tradingview.com/chart/dU7uAw9P/
cacus
Excellent! Nice catch! Also take a look at the TCU, which is the total capacity utilization and how it leads to a lower dollar.
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