Gold’s Surge vs. Tech Mania, Production Gaps, and Rising Loan Demand

Callum_Thomas
11-27

1.Gold $Gold - main 2602(GCmain)$ is up over 50% YTD

Nasdaq $NASDAQ(.IXIC)$ is up ~20% YTD

And yet investors remain enamored with tech stocks, and ambivalent on gold...

2.Massive gap between gold and the cost of production...

There's some very good things about this, but also some cause for caution.

3.Banks are reporting higher Loan Demand -- this is bullish for the economic outlook.

Entirely consistent with out global growth reacceleration thesis...

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