U.S. Treasury's interventions show weakness: ‘Incredibly bullish for gold’ – Adrian Day - KITCO
U.S. Treasury's interventions show weakness: ‘Incredibly bullish for gold’ – Adrian Day - KITCO
Source: KITCO
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DW NOTE
The Treasury Department doesn't intervene in markets to project strength — it intervenes because market forces are going a direction it cannot tolerate. Day is right that this is structurally bullish for gold, but not because of what the interventions signal about policy. It's because the interventions themselves require monetary expansion to fund, and that expansion shows up in gold's price whether the Treasury admits the weakness or not.