"The Treasury Picked a Fight Gold Can Win" -Macro Trader - SilverTrade

"The Treasury Picked a Fight Gold Can Win" -Macro Trader - SilverTrade

Source: SilverTrade

DW NOTE

The Treasury is issuing debt at 4.77% while gold sits $841 below its January peak — a 16% drawdown that looks like capitulation until you remember the Strait has been closed for 193 days and oil is still 19% off its high. The real fight isn't Treasury versus gold; it's whether 5.25% on the long bond can hold the line when 2,000 ships stay stranded and the Fed is pricing in hikes, not cuts.

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