Founders: Bond Vigilantes are Now Gold Vigilantes in 2024

TRADING NOTES: Who Will Buy Our Bonds Next?- Goldman report

Below are some numbered notes as we head into 2024 on what may happen in Bonds given current fiscal spending assumptions.

Why care so much about bonds in 2024?

Because the Macro discretionary player buying Gold are BOND GUYS. and Bond guys understand Gold like GoldFix does.

We’ve talked about how they play here in the past before. Big, hot, and frivolous at times during numbers.

But this is different. It is the bond guys who bought Gold during the SVB bank crisis. It is the Bond guys who ploughed into Gold as Bonds cratered in September and October.

It is the bond guys who are buying during rate hikes because they see the problem is no longer rate based. It is credit rating based.

Bond guys know that to trade Gold is to trade Bonds.