I don’t want to be too flippant with dismissals of inflammatory market events like ‘Brexit’ as simply hype.
In this post, let’s review something that is related but different; gold mining fundamentals.
On shorter time frames the gold sector has been viewed as being on an ‘anti-USD’ inflation bounce. This bounce scenario in gold stocks and commodities took a hit last week with the US dollar’s strong bounce.
In light of a shifting global macro backdrop that we can finally sink our teeth into with respect to a bullish orientation on the gold stock sector, I thought it might be a good idea to publicly post some bottom line thoughts from this week’s NFTRH report.
The monetary metal is simply having its price marked down in a bear market while its value, especially given its current price and all that has gone on in the financial system over the last 3 years remains just fine.
This is a summary of some of the aspects we follow in NFTRH to gauge a future investment stance on the gold sector. It is much more complex than simply hearing dogma that seems to make sense and then holding on for dear life…