Gold: Ringing the bell
Comment of the Day

March 26 2019

Commentary by Eoin Treacy

Gold: Ringing the bell

Thanks to a subscriber for this note from UBS which may be of interest. Here is a section:

Eoin Treacy's view

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The clearest rationale for a positive view on gold is when we have evidence of negative real interest rates. That is becoming an increasingly likely scenario since global central banks are desperate to stoke inflation and are willing to allow their economies to run hot in order to achieve a self-sustaining cycle. That further supports the argument we are at the top of the interest rate cycle.

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