As we step toward a counter-cyclical macro, the fundamentals will finally improve for gold mining From a June 19th interview I did with with Jordan Roy Byrne with respect to gold stocks, Energy and the proper macro fundamentals for the gold mining sector:
Things may well be getting exciting now. Thank you FOMC, the policy arm of the tardy Fed, whose rear view mirror made it too late to fight inflation and is going to make it be too late to get off its hawk routine. Here is the chart from that update. It's amazing when you consider that the gold price is getting hammered as well during this year's"running of the inflationist gold bugs' spectacle. Pattern nerds to attention! Ah, but this inverted Head & shoulders pattern is one part technical potential and one part hallucination by people who want to see pretty things in their charts.
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