Daily Charts - Both Stocks & Gold are Expensive
1.Two key observations here:
-both Stocks & Gold are Expensive
-the two have trace a similar path
This tells us they have both been riding similar waves of liquidity (and debasement). $Gold - main 2512(GCmain)$ $S&P 500(.SPX)$
No one wants to admit this.
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2.First Gold soared
Then Silver roared
But Base Metals snored...
Is it finally time for some rotation into industrial metals?
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3.Global inflationary pressures may be on the cusp of a major Resurgence...
The rate-cut-rush of 2024/25 has taken monetary policy from headwind to tailwind for the global economy, meanwhile capacity is still tight, and inflation expectations still high.
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