XAUAUD - This has to be the most telling of all sorties of all. While everyone continues to pile into trendy tech stocks operating in crowded consumer markets, harbouring astronomical debts, that make no profit, with PE ratios higher then Cheech and Chong. At the same time the unloved boring gold sector with low PE ratio businesses, no debt, free cash flow and cash reserves finally showing signs of life. Gold tells the story of a slowly dying monetary system poised to give the retail investors one last f**k you. Where will you be on the next bank holiday?
great analysis. RBA planning to devalue their currency like all central banks. $2500-$3000 is a realistic target for 2020
b_goleman
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@RogueCleaner, I believe there should be another significant push higher in Feb after the RBA minutes are released. Some form of balance sheet expansion looks imminent.