There’s a lot more stimulus being applied now compared to post GFC. Also, it wasn’t apparent back then that interest rates will never again be able to rise. USD Index was also far lower back then.
So, you have high POG at the same time as high USD at the same time as record levels of recurring, and possibly never-ceasing stimulus. It just makes sense that Gold is headed to the stratosphere. You know that Market sentiment can take prices to gobsmacking levels. APT has gone from losing 30% in a day to holding level the day after US markets fell 6%!!! No one would ever believe that could happen.
Gold moving strongly up from here makes a lot more sense than some of the trades we currently see.
