The headwinds matter, but I would separate cyclical pressure from structural invalidation. A firmer dollar and rising real yields can cap gold tactically; the more important test is whether central-bank demand, ETF flows and miners absorb the pressure without breaking trend. If they do, weakness is consolidation rather than a thesis change.
It appears that all brokerages have an axe to grind against Gold. The BS starts with Gold yields nothing. A lot of borrowed ideas come from the US market. We live in India and use INR. WOULD you care to look at last 25years of returns of Nifty vs Gold in INR?
Gold runs best when the money is cheap ?? could you please explain then how could gold went bazooka in the 70s when the rates and yields were super hot?
The headwinds matter, but I would separate cyclical pressure from structural invalidation. A firmer dollar and rising real yields can cap gold tactically; the more important test is whether central-bank demand, ETF flows and miners absorb the pressure without breaking trend. If they do, weakness is consolidation rather than a thesis change.
It appears that all brokerages have an axe to grind against Gold. The BS starts with Gold yields nothing. A lot of borrowed ideas come from the US market. We live in India and use INR. WOULD you care to look at last 25years of returns of Nifty vs Gold in INR?
Gold runs best when the money is cheap ?? could you please explain then how could gold went bazooka in the 70s when the rates and yields were super hot?