Finishing Firm

Real rates keep falling. Comex gold keeps rising.

67
Fri, Jul 17, 2020 - 10:52am

It has been a long week with multiple smash attempts, particularly in Comex gold. However and as we keep reminding you, all of the smashes and bearish forecasts mean little if real interest rates continue to fall....and they are.

So again, the BS nonsense of the smash late yesterday has been reversed...and why? Because the bond market rallied overnight and this has helped real rates (as measured by the TIP) to move lower again today. How and why this continues to confound all of the "experts" is beyond me as it's not that complicated...as evidenced by the fact that your dopey...

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