@AndreasSteno Question is, are we closer to Dec. '96 Greenspan (RIP) irrational exuberance or Mar. '00 bubble burst? My (worthless) guess would be the former.
@JrMiningGuy@LawrenceLepard The rate hike narrative will be short lived. Almost half of the >$39trn debt has to be refinanced in '26 and '27. So last thing anyone needs are higher rates. But short term algo's dictate the market, which is great bc smart investors can buy the dip in gold and miners once again
@NorthstarCharts There's no reason gold should correct more then during '08 gfc. Not to mention debt levels are way higher now. $3000 is therefore very far fetched. $3900 seems like a more realistic worst case here.
@SantiagoAuFund I understand the stablecoin narrative in shady jurisdictions. But why would a CB give up voluntarily the yield on USTs (that already are under water in real terms)?
@NorthstarCharts@KinesisMonetary 'Overbought' in a physical market like gold is not the same as 'overbought' in tech stocks. Mag7 was overbought most of the time for years. There's still zero speculation in gold or the miners.