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:
In my experience gold stocks will… they can paint ugly charts and then follow through on those ugly charts. But when a crash finally happens it’s almost poetic in that it’s like the final surrender of the inflationists. The ones who were packed in the sector for the wrong reasons because… ‘buy gold, buy silver, buy hogs, buy copper, buy oil’. No. You buy gold during weakness and when it would look forward to the new easing… of policy makers. The new dove regime or whatever. But it happens amid deflationary pressure.