- As the macro swings counter-cyclical (and away from inflation, away from stagflation to 'potential' liquidation under deflationary pressure).
- Gold - and as they leverage gold's standing in the macro - especially gold mining fundamentals continue to improve.
- As explained below, these are not the fundamentals that inflationist gold bugs tout. They are the proper fundamentals.
- The turn is still in progress, and there are potential hazards on the way to a macro that will signal gold mining to finally be unique among scores of sectors and assets having gone bearish.
For further details see:
Gold/Gold Miners Fundamental Checkup