Gold secular bull depends on this
I have written about this topic quite a few times. I am writing about it again today because it will become an extremely important indicator for precious metals within the next 12 months.
The latest rebound in the stock market has removed it from the course of what I deem a mega-bear market. Nevertheless, economic data is slowly getting worse, and a recession and rate cuts are, eventually, likely. The chart below plots the S&P 500 with our 60/40 expected returns data set, the CAPE ratio , and CPI Inflation. The yellow is the secular bear markets.
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