Institutional View: Amid soaring sovereign debt levels globally, gold is poised for continued gains, with gold mining stocks once again serving as a powerful leveraged instrument. - Moomoo
Institutional View: Amid soaring sovereign debt levels globally, gold is poised for continued gains, with gold mining stocks once again serving as a powerful leveraged instrument. - Moomoo
Source: Moomoo
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DW NOTE
Gold is down 22% from its January high while sovereign debt keeps climbing. Mining stocks aren't a leveraged play on strength — they're a leveraged play on volatility in an asset that has spent nine months falling. Call it what it is: a bet that the trend reverses.