Oh look, gold and platinum are also rallying with silver. I wonder why.
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What factors drove it today except
#silversqueeze?
Real yields, inflation expectations, US dollar? A simple 4-factor model for gold return implies it shd be up about 4% from Fri based on move in silver, dollar, real and nominal yields vs 1% in reality. Ignoring the impact of silver, it should be up ~0.8% which is nearly dead on.
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Gold should be up *more* if the SLV->GLD memetic overflow hypothesis (my coinage) is right. The fact that it’s only up ~1% is (weak) evidence against your theory IMO.
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If the model you mentioned is correct, does it serve as a good prior predictor of gold price? Or does it only work posteriorly?
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