I remain cautiously bullish on gold. Treasury buybacks are a meaningful liquidity signal, but their size is still too small to solve America’s deeper fiscal problems. The bigger story remains huge debt, persistent deficits, inflation risks and elevated long-term yields.
Gold’s quick reaction shows investors are becoming more sensitive to fiscal and liquidity signals. But this doesn’t automatically make the rally sustainable. If yields rebound or the dollar strengthens, gold could face sharp profit-taking.
My view: gold still has room to run, especially if real yields decline, but chasing every spike is dangerous. I’d rather buy pullbacks and watch Treasury yields, the dollar and inflation expectations for confirmation.
@WallStreet_Tiger [龇牙]
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