Bond Tantrum and Inflexion
The bond market is just showing it is not happy. A deluge of debt supplied by the Feds is causing a significant think moment. Can the Feds keep a lid on things? Moreover with M2 rising steeply inflation is being expected and with it initially gold is hit but as this tantrum is recognised as a new 'normal' gold alongside commodities will rise. So just sit back and be patient. Avoid margin and enjoy the ride. By mid March things will look different.