Starting Sept 9, Treasury's ramping up liquidity-support buybacks on 10-20Y and 20-30Y bonds well past the old $2B cap, effectively suppressing long-end yields artificially. Market's cheering the relief now, but the read is this is Yellen-style short-term patching, not a fix, and it chips away at the dollar's safe-haven status over time. If that thesis holds, money keeps rotating into hard assets, so $GLD and the miners stay the trade on any dollar weakness. Not calling the top or bottom here, just watching which way the flows lean into September.
Aggregated and distilled by Two Sentence Traders. Not financial advice.