2024-03-12 07:00:00 ET
Summary
- Gold is trading at its highest level ever, despite a strong dollar and high real yields.
- Gold's rise is fueled by expectations of monetary easing, geopolitical tensions, and the risk of an equity market pullback.
- Agnico Eagle Mines is a strong investment opportunity in the gold mining sector, with efficient operations and substantial growth potential.
Introduction
It's time to talk about gold.
As most readers may know, gold is currently doing very well.
The COMEX futures of the shiny metal are currently trading close to $2,200, the highest level ever!
TradingView (COMEX Gold, Real Yield - Inverted)
What's interesting is that this is happening despite a strong dollar and very high real yields. The red line in the chart above displays real yields (inverted scale!).
Real yields are nominal yields (on the 10-year government bond) minus inflation expectations....
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For further details see:
Gold Is Rallying - Why I Expect Agnico Eagle Shares To Increase Significantly