Inverted yield curves are not only an indicator of a global...

Inverted yield curves are not only an indicator of a global recession pending… they actually help cause a recession.
Gold is competing with treasury yields right now, but the market will begin to price in a pending recession very soon… Gold will do very well once yields begin to drop as the fed is forced to keep everything liquid, this will be a particularly nasty recession as the fed will likely not overreact to the recession because they know if inflation is not properly vanquished they will cause double digit in retractable inflation (their worst nightmare)…. We could get a liquidity crises in which case gold stocks will get caught up in (no guarantee of a liquidity crisis though).
In a recession Gold and it’s proxies will rerate significantly … a massive amount of capital will be looking to park their money in appreciating assets…
In a recession Gold goes up as indebted company’s try to stay afloat… unemployment increases… fuel prices and general costs are much more reasonable.. gold companies do well as AISC falls and gold rises = much more margin… during the Great Depression gold companies rose by upto 500%

I’m personally got a 10% basket allocation to deeply undervalued gold stocks and plenty of cash on the side lines if we get into a liquidity crises… you just couldn’t go wrong in the bigger picture.

RRL have plenty of options moving fwd… they could hold off on McPhillamys and build a solid war chest or press the ok button..
or leave hedges till maturity or buy out if gold drops more….
compare our market capital to RED 5 at the moment… and we are unbelievable cheap… dropping hedges and pumping out twice as much gold at better margins…