Lyn Alden actually also has one of the best explanations of the price of gold! [1] It is tightly correlated to the broad money supply modified by changes in rea

Lyn Alden actually also has one of the best explanations of the price of gold! [1] It is tightly correlated to the broad money supply modified by changes in real rates (10 year - inflation). In August we saw the 10 year rate start rise and gold start falling. Now the 10 year is consolidating while we have inflation: gold prices seem to have finished their consolidation as well and are going up a bit. Whether it is a good time to buy gold now really depends entirely on what happens with the 10 year treasury rate. With that being said, the movement of the 10 year and gold are slow, so it isn't that hard to exit a position in gold. [1] https://www.youtube.com/watch?v=cc5YJZcswvI&t=30s https://www.youtube.com/watch?v=cc5YJZcswvI&t=30s