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Four Charts Which Make Long Gold A Dangerous Bet During Q3 2017


There will be significant growth arising from rising US industrial production  - not the best time to be long gold

Collapsing inflation continues to devastate gold prices as there is no need for gold to hedge unexpected inflation

Fed hawkish bias suggests one more policy tightening in September, pushing short term rates, and US Dollar higher -- detrimental to gold

As the 3yr bond yield rises, Gold goes the other way via the impact of a rising US Dollar