Should 10yr UST yield climbs above the "red line" that exists at around 0.84%, CTAs would likely be drawn into exiting their long positions in TY to cut their losses.
...judging from futures and alleged jewelry demand, the price of gold ought to be falling. But it isn’t...Demand for gold is a actually a reflection on faith in central banks.
"The Fed has printed more money than anybody thought possible. The monetary and fiscal stimulus is so huge that it trumped everything else... It’s 100% a Fed-induced sugar high. "
"...to deny the existence of Allah, to be sarcastic about Allah's name, to deny any verse of the Koran" or to commit other acts of blasphemy are all punishable by death...
