Is This Why Gold Is Selling Off?

Tyler Durden's picture

From the morning of Draghi's press-conference on 9/6, Treasury bond prices and Gold have danced an interesting waltz around one another. After recoupling on 9/26, they once again divorced for two weeks, only to reconcile their differences once again today. Is the toing-and -froing of inflation views driving gold and bonds  - and does that mean Gold is almost done with its drop here as Both the Long-Bond and Gold are now both up 1.22% from QEternity.

 

Gold vs Long-Bond price post-Draghi

 

and following QEternity - they are now perfectly recoupled at +1.22% - coincidence?

 

Charts: Bloomberg