Why We Are Long Gold, Short Treasuries Moving Into 2024
Summary
For those bullish on gold and gold miners, especially 'RED ragers', lets hope this strategy works out .....
- Geopolitical tensions (two wars) and potential money-printing exercises by the US Fed could lead to a bullish outlook for gold.
- Rising inflation, fueled by ongoing wars and disruptions in the global energy supply chain, could drive up gold prices and pressure treasuries.
- The US Federal Reserve's dilemma of a faltering economy and soaring inflation makes rate hike exercises more difficult, which will further pressure treasury bonds.
- We are considering longing gold and shorting treasury to play the current market dynamic as we move into 2024.
$40 cents club, page-493
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