Post by
cleareye on Sep 25, 2023 10:40am
krr suffering as gold drops - usd index breaks above 106
The 1 yr bond interest rates increased this morning, the usd index broke above 106, indicating that it has finally broken to the upside (to some).
As the usd index was breaking up, spot gold broke down.
We'll have to see how low gold goes. It can hold its own even with an increasing dollar index and increase in long-term interest rates, but, the odds are moving against it.
Hence, the drop in krr.to to $4.11, so far this morning.
cleareye.