Some of these smaller regional banks will not be able to restructure fully and will take massive hits, but that also is positive in the sense that rates won’t go up ¯_(ツ)_/¯

A pause announcement, actual recession hitting, worsening economics here than abroad. We might see a short term rally on gold in the next month (based on some TA) but it’s not going to be long if that does occur.

Usually increased rates strengthen any currency. It brings investors from all over due to attractive bond rates and similar vehicles. Also, america experiences an influx of capital when the global markets seize due to relative robustness of the American economy

Fed thought they were going to slow rates (that conversation is gone now), and a momentary increase due to central bank acquisition

It’s very risky to hold left’s especially in such a volatile market. but yes I have been holding for about two weeks. However, I think that the relationship of these two assets and how fundamental they are does eliminate some of that risk in an otherwise highly volatile market

My thesis is predicated on an increasing dollar strength, which will push gold down

There will certainly be a time this year where I’m going to take the opposite position, which I closed my post with. However, gold is nowhere near its bottom currently due to the qualities I stated hence my short position.

Correct, and it’s not working. They’re not going to stop trying until they reach whatever magic number for rates. Regardless, the point is that as they continue to raise rates, and as the global economy stays in the position, the dollar will continue to increase in value, which will push gold down.

He was genuinely an awesome man who made real, lasting contributions to his family and community. I miss him every day and hope I can even be a fraction of what he was.

Thank you for your words, and I wish you the best of luck in all of your trades.