Trade Idea: Old Theory, New Expression
The gold trade is back on. In derivative form. I've traded a lot of miners in my day, but I've never shared this one on this site before. What it is and what I like about this mystery miner.
Late last month I exited out of my two remaining members only trades. At the time, I begrudgingly closed my gold long because the trade wasn't moving and I thought weakness in the S&P could conceivably harm gold as well. Now after some fresh inflation numbers, a central bank that refuses to fight said inflation, and the real yield deeply negative, I thi…
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