... and the rise of financial engineering - manifesting in a generational shift toward pure leverage. "When they look back at this segment of history they will probably ask: What the hell were they thinking?!" Reporter: "How is it possible that the DJIA loses 90% of it's value? ... B.G.: "It is very simple, really. First, it loses 50% of it's value and then, 80%...
As real rates rise, the probability of gold having topped increases significantly
In an unmistakeable correlation, a higher short end of the curve means gold is relatively less attractive to own. This argument has strong claims on both reason and evidence... Hence, with a hikepending, watch for gold lower.