XAUUSD

This past week confirms the following that you have to respect the impossible Trinity.

You can have a positive stock market & attract foreigners with rising bond yields, but not with a rising USD.

The new Bear Market in Bonds with rising yields will be very positive for gold.

Looking at the ratio of TLT / GLD as a proxy for gold

and the rising 10 year yields TNX www.tradingview.com/chart/dU7uAw9P/