Why We Are Long Gold, Short Treasuries Moving Into 2024

Nov. 01, 2023 12:24 AM ETSPDR® Gold Shares ETF (GLD), TLT, BTC-USD, GDX, GDXJ, IAU, IEF, PST, TLH, TMVETN, SGOL, SIVR, COIN, GBTC24 Comments

BiotechValley Insights

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Summary

• 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.

For those bullish on gold and gold miners, especially 'RED ragers', lets hope this strategy works out .....