At some point, a series of so far quite exemplary cooperating variables will break away from each other. I am pointing out these anomalies, today we will take a look at them gold. I don’t pay much attention to him here, but today I will make an exception, also because that gap arose in relation to vnosm americkch vldnch bond. And that is the opposite, among other things candidate na nejdleitj promnnou na globlnch financial three.
As the following graph shows, the price was low until recently metal pretty much the same on the wayas reln entries ten years old bond. It is not a very surprising thing, this link is self-explanatory, e m you are entries. All that of pellets pi dren PRBN PRBN nothing is not even of gold. A vice versa. Jinak eeno, m vce vyn bondsthink about whether to invest in that thing or not revenge them gold. Its price thus tends to decrease (and vice versa). However, the same mechanism should also work for other assets, incl action (that’s why they are enter the bond investment chapter/poadovan nvratnosti).
The point of the graph is that even in the last quarters they are separated from each other entries to dinner of gold detached from the logic in the mentioned pestali investi for some reason pay so much attention to the fact that the attractiveness bond grows. If, on the other hand, they did so even above, the occurrence of correlation, not causality, would imply a price of gold absolutely not.
Source: X
The second daily chart works with nominals enter the bond and relative price of goldcurrency to prices mdi. This ratio is sometimes plotted as a global status indicator economy you m the gold should be a sign of boom and low risk and vice versa (because m is metal prmyslovm, gold in this logic, it is considered a safe bet). The purple nod itself would indicate a global shift towards a risk-off regime.
Source: X
The development of the purple swing would fit quite well with the global cyclical development, what interested me most about it is that it is not so fully in line with the structural theses of mdi. That is, with theses about how sharply the price will strengthen mdi kvli energetick transformation. So the cycle is especially evident here m, respectively Dr. Copper, after all, is considered a prominent global cyclical indicator. And when view which is historic data in my opinion, it shows that his speaking ability is fine.
Kadopdn, gold se ve sv absolutn i relativn cen (k mdi) now breeding unusually in relation to both real and nominal bring in the bond. If we then wanted to be very creative and reverse the balance with causalities, we would come to the fact that entries americkch vldnch bond are now unusually high (with respect to global rstov and risk profile). But then I would refer to my series of long-term scales equal to this one input.
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2023-08-31 15:20:00
#gold #Gold #bred #unusually
