Gold’s Correction is Running Out of Time
Gold’s Correction is Running Out of Time
Source: Armstrong Economics
―
DW NOTE
Armstrong Economics calls gold's 20.7% drawdown a "correction" while the 10-year yield has spiked 27.54% year-over-year and the Strait of Hormuz enters month eight of effective closure. When Treasury yields are rising faster than oil and gold is falling into a war that's shut the world's most critical energy chokepoint, that's not a correction running out of time — it's a market that stopped believing central banks control anything.