Commodities Analysis by Gary Tanashian covering: XAU/USD, Gold Futures, Copper Futures, Crude Oil WTI Futures. Read Gary Tanashian's latest article on Investing.com
I don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial toAs you can see, the HUI/Gold ratio made a top in 2003 and has been down and flat ever since. Personally, I believe it made a double bottom earlier this year. I don’t believe that because I want to . I believe it because of macro developments currently in play.
Gold is less effective than many other assets when inflation created by monetary and/or fiscal policy is working to the benefit of the economy, which save for a few cyclical bear markets of the last quarter century, has been the case. In essence, for policymakers and the Keynesian system itself, it was “inflate or die”. They routinely chose “inflate” because the bond market was not only permissive of inflation, it was demanding it ., which would be a tailwind for gold and miners, but also potentially for those touting an economic “soft landing” and a stock market resurgence before the coming bear market engages. I am also expecting the trend change in Treasury yields to hold.
Back on the gold stock macro, and with reference to the bullet points above, gold is working on flipping the macro counter-cyclical and anti-cyclical inflation. This weekly chart shows gold still battling to assert over stock markets , but breaking out vs. commodities, includingMy long-held view is that a counter-cyclical macro and in Bob Hoye’s words, a “post-bubble” macro needs to engage for gold stocks to be uniquely positioned for positive performance.
Gold Futures Copper Futures Crude Oil WTI Futures
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sahm Is Not a Sham, But There Is Much More to the Picture Than What Meets the EyeMarket Overview Analysis by Gary Tanashian covering: 10-2 Year Treasury Yield Spread. Read Gary Tanashian's latest article on Investing.com
Read more »
Gary Smith, best known as 'Gary the Happy Pirate,' dies at age 64Rochester, N.Y. (WHAM) Gary Smith, best known for his role as Rochester children's entertainer 'Gary the Happy Pirate,' has died.Smith teamed up with Doug Ladd
Read more »
Gold futures jump to record above $2,460 an ounce on hopes Fed will soon cut ratesRising expectations for a September rate cut following the latest inflation data bolstered demand for bullion.
Read more »
Battles of Boston and Cleveland with NBA reporter Gary Washburn: Wine and Gold Talk podcastNBA reporter Gary Washburn tells his journalism experiences, including chronicling the Cavs vs. Celtics series.
Read more »
The Most Dangerous 'Hoffman Family Gold' Mission Didn't Even Involve GoldCollier Jennings is a writer for Collider who focuses on science fiction, comics, and television. He also writes for AIPT Comics.
Read more »
Scarlet and Gold: Former Buckeye wins gold at Paris Olympic GamesDover, Ohio, native and former decorated Ohio State swimmer Hunter Armstrong is adding more gold to his collection.On Saturday, Armstrong propelled Team USA to
Read more »