By Nigel Somerville | Saturday 16 April 2022
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The bond markets have reacted strongly to the smoke signals from the Fed that interest rates are going up (far and fast, so they would have us believe) and that we are about to suck some of that excess liquidity out of the market via QT – quantitative tightening. The result has been far higher bond yields – which should be bad for Gold – and if QT actually happens, since it is the opposite of printing money then in theory that is also bad news for gold-bugs.
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