..... and also not forgetting, we're up nearly 15% this week, so the short term 10 % traders will be taking their profits. Once flushed out, next step up 😀
Watch the US 10 year treasury bonds rate. Liberation Day on the 2nd April, and when bond rates hit 4.5% a week later it was Back To Jail Day. US is in a credit bubble, when stocks are falling, bonds should be a safe haven. Not the case. Treasuries were being dumped, as the market sees their risk, and prices their junk status accordingly. Where does the money go? Your guess is as good as mine 😀
And Bessent pooped 💩 his panties. He had to into the dodo the clown 🤡 and say "We have to go to plan B". The bubble is still full of messy puss. Countries are pulling out of the dollar market and where do they pit their new money?
RE: All Gold stocks in AUS flying very high, why isnt GGP9 Apr 2025 14:54
Importantly, gold is now decoupled from the commodities market, which it wasn't last week. Oil down today, gold up. Flight to safety in a Trumpwellian world 🌎.
It's a US credit bubble full of puss. When it bursts, duck! The treasury secretary has said publicly that anything above 5% on 10 year treasury bonds is a problem for the upcoming 9 trillion debt rollover. Then you go to war with the Chinese, who happen to hold a considerable amount of that debt. Who is buying all the gold. Join the dots, Folks. This gets messy from here in.
Watch the long term US bonds. 10 year hit 4.1% yesterday. 9 trillion dollar debt rollover coming up. If the 10 year hits above 5% the proverbial hits the fan. Interesting times for gold bugs 🐛