Ashraf Laidi tells CNBC's Maria Bartiromo about the need to understand the dynamics of 2010 and 2011 in order to grasp the first half of 2012, involving the interaction between the Eurozone recession, BRICs cycles and US economy. He also discusses the latest carry trades by the Eurozone banks, borrowing from the ECB LTRO to purchase higher yielding sovereign bonds, which helps supress bond yields despite ongoing Eurozone woes.
It's time to revisit the weekly gold chart and its similarity with the horror year of 2013, which included a 25% collapse in the Apr-Jun period. This time last year, I published several videos on why gold's decline to 1690s (in summer 2021) would be reversed, rather than repeat the collapse of summer 2012. The arguments were made here and here . But now that we've held the lows of March and Aug 2021, is the signal flashing an unequivocal green light for the rest of the year? Or, will gold bulls sustain fresh blows as inflation comes back to bite in autumn?