Andrew Mcguire: Physical Market vs Paper MarketFor those who have not listened to Andrew Mcquire before it is a difficult listen to get familiar with the terminology but worth the effort to do so. Here is Mcquire's post from yesterday:
https://www.youtube.com/watch?v=FO8oemodXZM
Mcquire updates on the leveraged COMEX losing the battle against dollars being "alchemized", traded for delivery of physical gold to the advantage of all other central banks to counter U.S. weaponization of the USD and saber rattling.
Since 2020 when it became known gold would become a tier one asset the price has been stair stepping up as Mcguire has been predicting.
https://www.kitco.com/chart-images/LFgif/AU3650nyb.gif
In the equity space, with dollars being drawn toward technology issues that sector has become extremely overvalued over the miners being left undervalued despite the rise in the price of gold, flat gold production, and rising gold demand.