       becoming so risk adverse that they are actually willing to pay to hold some bonds.


    the world.


     Federal Reserve policy and signaled looser monetary policy for longer.


     


       


Chart 2: Gold Futures - Weekly


  as a result of the policy, Mr. Powell   Dallas Federal Reserve President Robert Kaplan said he could   James Bullard said he could see  to make up for what has been  spite of these assurances, traders believe there is a much greater  now than before the Jackson Hole Symposium. Rather than get lost  suggests that the central bank will probably be very dovish for a  the Federal Reserve and other major central banks to hike interest rates possibly for years has major  for gold.


The shorter-term fundamentals in recent years took gold futures to new highs and now there is a much longer-term bullish fundamental, the Fed‘s “average  variety of reasons, it appears that  





 


Source: Chart from QST 11 | ADMISI - The Ghost In The Machine | Q3 Edition


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