Intro
Charts
GoldFix Bond/Gold Comment
Intro:
Not a lot to read here despite the good topic. But a lot to be taken away.
Bottom line: Feels like he is saying either rates are lowered, or Gold and real rates continue to diverge until something bigger breaks.
Either gold or real rates will soon move towards convergence. He does not seem to feel Gold will drop, at least not publicly. He feels it may be real rates dropping.
Which.. plays out either with a soft landing or a no landing scenario. Implicit is the fact that stocks are also defying real rates. He thinks a rate cut is coming despite the pullback in expectations last week. And Bonds may be key. Some of his stock sectors have already caught up to his rally prediction also.
