This is a re-rating of AU and a re-rating of Gold and US treasury , or more correctly $40 Trillion of US debt . Finally people are waking up to
1. Fed has little room to increase rates without setting of a recession or forcing treasury to raise Bond rates, treasury cannot afford to increase bond rates as interest is 120% of USA GDP . (What does your neighbour do when their interest on loan becomes more than their income? - if they are law abiding, they declare bankruptcy, if they gangster, the start trying to steal from friends and rob strangers.)
2. It's not the interest rates, it's the real interest rates that's important
3. Gold pays no interest or dividends but miners are paying dividends and shares buybacks.
4. Next one that will fly is Barrick - when details of Their NewCo IPO is settled.
5. Watch out for silver as it has been quiet
Last Friday I already reminded on AU after it triggers a buy .
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