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Strategies & Market Trends : Wolfgangrene's charts -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (3527)	3/9/2017 12:11:35 PM
From: The Ox	Respond to of 3976

To: The Ox who wrote (3527)	3/9/2017 1:46:45 PM
From: benwood	Respond to of 3976

The last two rate hikes have been wildly bullish for gold. I was puzzled why, but this week ran across a public post by Stewart Thompson in which he talked about how WITHOUT a rate hike, gold is dead to this world, and WITH a hike, monetary velocity can increase and help money flow into gold (partly from coming out of bonds). This was the first time I heard what appeared to me anyway to be a reasonable explanation, and it 'backtested' well to the era of ZIRP. Note also how bullish he is on bank stocks for the same reason. And since I think the fake payroll number yesterday is to make the rate hike a slam dunk, I'm now wildly bullish too! -g- Gold & Bank Stock Lovebirds