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The March Markets: Rates and Bond Yields
Gold went from 1800 to breaking above 2000 for 10% rally in the time span of about a week and a half or so. I've pointed this out countless times of four gold traders watch yen futures. Why do they move together in tandem? Look, this is a question that I've been asking myself for years watching this very tight correlation. The US dollar is a safe haven from everything and the safe haven from the dollar is gold and yen. That's it. And so perhaps there are systematic flows programmed off each other and correlating them Or CTA momentum strategies that are just simply moving coincidentally.