Tag Archives: Gold

Other Fowl Plays In The Emerging Markets

Posted on August 19, 2018 by macromon

Fowl Play? The Twisted Linguistics of Turkey American turkeys and African guinea fowl, victims of Portuguese vagary, became inextricably mixed. Today the geographically garbled turkey is known as dinde (from poule d’Inde or chicken of India) in France, kalkoen (from Calicut hen) in the Netherlands, and indjushka (Indian … Continue reading →

Posted in Black Swan Watch, Emerging Markets, Uncategorized | Tagged , , , , | 13 Comments

The Gold-Bond Correlation And Other Macro Observations

Posted on August 27, 2017 by macromon

We have posted several pieces over this year noting the high correlation of gold and 10-year bond futures. See here, here and here. Here is how the gold ETF (GLD) and the Treasury ETF (TLT) have moved together over various … Continue reading →

Posted in Bonds, Gold, Monetary Policy, Uncategorized | Tagged , , , | 10 Comments

TOTD: Today’s Rare Market Feat

Posted on July 12, 2017 by macromon

This would be the 4th time in 20 years that stocks, bonds and gold all up by > 0.25% on the Fed Chair’s semi-annual testimony.  – Sentimen Trader (TOTD = Table of the Day)

Posted in Bonds, Equities, Gold, Uncategorized | Tagged , , , , | Leave a comment

The Bond Gold Correlation

Posted on March 2, 2017 by macromon

We have written quite a bit about the dynamics driving the gold market.  See here and here. As the short covering rally in the bond appears over and the Fed ramps up for more rate hikes, global PMIs and inflation … Continue reading →

Posted in Bonds, Gold | Tagged , , | 9 Comments

Is This Why Gold and Bonds Sold Off?

Posted on February 9, 2017 by macromon

Truly a mug’s game to try and retrofit fundamentals to short-term market moves, but ain’t gonna stop us! We’ve noted the comovement of the U.S. 10-year T-Note with gold over the past few months, driven, we believe, mainly by geopolitical … Continue reading →

Posted in Gold, Uncategorized | Tagged , , , | 1 Comment

Gold Still Tracking Bonds

Posted on January 25, 2017 by macromon

We posted last week the correlation of the bond and gold.  Some argue gold has been rallying as a hedge against inflation or inversely with the dollar.   Don’t think so and not yet on the inflation hedge. Gold is moody … Continue reading →

Posted in Gold | Tagged , , | 3 Comments

What’s Behind the Gold Rally?

Posted on January 16, 2017 by macromon

Short covering in the bond market. Don’t believe it?  Check out the chart below. Gold is up 7.7 percent since the December 15 low the same day the 10-year Treasury yield peaked at 2.60 percent. Why are Treasuries rallying?   … Continue reading →

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COTD: Big Oil

Posted on December 22, 2016 by macromon

Our chart of the day (COTD) comes to from the Visual Capitalist.     First, some context from their website, The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Ever since the invention of the internal … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged , , | Leave a comment

China Pushing Back, Gold Spikes $10

Posted on December 16, 2016 by macromon

As we said a few days ago in our post,  Is Gold Finished, to get a new bull market jump started…a bull market sparked by geopolitical risks, which could increase markedly, in a scenario where, say,  the new President-elect tries … Continue reading →

Posted in Uncategorized | Tagged , | 2 Comments

Watch Those Gold Miners (GDX)

Posted on December 15, 2016 by macromon

The gold miners index (GDX) gapped down another 4 1/2 percent today even after yesterday’s 5 percent down day.  Gold, the Feb futures contract, closed down about another $15 lower from the 5 pm electronic futures market close in New … Continue reading →

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