Intro: Kind of a Big Deal
In this week’s Hartnett Flow show report sent to you yesterday (and being podcasted later today), there was a very interesting comment made by the BOA exec, which frankly nearly threw us out of our chair.
Hartnett confirmed what we all know, that Gold is money. More so, he implicitly stated the Gold/Bond and Gold/Dollar correlation have flipped. Bonds will take a cue from Gold now in his opinion… at least for now.
This will be made avaialable to Premium Monday
Podcast Summarized:
Transcript also attached
Bottom Line: Hartnett implies gold is discounting future bond behavior. He suggests gold is an indicator for bonds, not the other way around. This is significant because it means gold is now playing a role in predicting bond market movements.
