As the inflation trades drop, gold out-performs and gold miners will benefit
The inflation trades are fading and gold is ascending to its rightful place in the disinflationary macro
But what about gold in this disinflationary period? Goldilocks is not typically friendly to the metal that represents retained"value" as a Goldilocks economy can burp up plenty of speculative opportunity elsewhere. Well, note the word"interim" before the word"Goldilocks" above. This is not expected to be the 2013-2019 period that became a full fledged macro phase.
If QQQ breaks up from the flag, Tech/Goldilocks theme is proven. Insofar as I'd be bullish, Tech is favored. Has been all year. BUT neg. signals brewing beneath market's surface. All bets off if TA levels lost on indexes. Using SPX as a guide. But NDX/QQQ look nice as of now. pic.twitter.
The play – assuming new trends remain intact – is a unique gold mining sector once Goldilocks runs her course. With Tech looking so constructive and actually starting to bull since, gold stocks are not yet unique. But it"s coming. The trends on this chart say so.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CTV News VI | Video - Must Watch and Your Island NewsWatch the latest local and breaking news from Vancouver Island, covering crime, politics and health from CTV News VI. Catch full newscast of CTV News at 5, 6 and 11.
Read more »
No. 15 seed Princeton uses late run to stun No. 2 seed ArizonaThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Gold price holding near six-week highs, but largely ignores disappointing Philly Fed Survey of -23.2(Kitco News) - The gold market is struggling to hold in positive territory, finding little bullish momentum as disappointing manufacturing data, from the Philadelphia Federal Reserve could further elevate recession fears.
Read more »
ECB pushes forward with 50 basis point rate hike and monitoring market tensions(Kitco News) - Despite the growing global banking crisis, the European Central Bank is pressing forward with its plan to tighten its monetary policies.
Read more »
Don't doubt that the ECB will fight inflation - Christine LagardeKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
Gold price hits record highs against Aussie dollar as banking crisis drives safe-haven demand - Surbiton AssociatesGold price hits record highs against Aussie dollar as banking crisis drives safe-haven demand - Surbiton Associates Aussiedollar bankingcrisis SurbitonAssociates
Read more »