Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (115779)	10/27/2023 9:26:51 PM
From: Rarebird	Read Replies (1) \| Respond to of 116752

The question that needs to be asked here is if the bond market is fixable? There are a couple of solutions. One is that the Fed stops QT and becomes a buyer of bonds. That is not happening anytime soon. Second is if the Treasury will reduce its supply of Bonds? We will find out about that on November 1, but the answer is very likely no. If that's the case, bond yields are headed higher, stocks are headed lower and gold and the Gold miners are going to explode higher since investors/traders will put some of their money in the greatest safe haven known to mankind , Gold, along with its beneficiaries, the gold miners. There are lots of issues out there, but the main one that is causing all the financial chaos is the over supply of Bonds coming to market. I voted for Biden, but I can easily tell you that I don't think Biden gives two hoots if the stock market declines or not. He wants money to support his fiscal spending and for the US to pay back the interest on its debt. The spending is growing larger and larger by the minute. I am not in the forecasting business, but it seems to me that the environment is ripe for a gold bull. Let's see first what the Treasury has in store for the supply of bonds when it reports on November 1.