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One Trader Ponders The Outlook For Gold
By Kevin Muir of “The Macro Tourist” fame; reposted here with permission
Many gold bulls are frustrated that during last year’s U.S. dollar decline, the precious metal didn’t rally more strongly. After all, the U.S. dollar had a terrible 2017.
One might assume that this would have been an ideal environment for gold. I have even heard the argument that since gold couldn’t rally more strongly during this period, when the U.S. dollar eventually stops declining, gold will be vulnerab
What about the gold/crude oil price that was once touted?
Why would gold price (nominal) correlate to real, rather than nominal, yields?