RE:GOLD - STRONG BUYRates in Canada will come down at next meeting of the BOC, 50 to 75 Bps by end of year, 125 bps more in 25. Faster if Trump gets in, puts the tariffs in place that he is talking ... Canada has had a soft takeoff, but driven much by strength in exports and net increases in migration/labor force. US rate behavior similar. All barring an unforseen credit or financial crisis. 10 year rates will be slower to adjust. We won't see the same monetary policies we saw last cycle for another decade at least, no more zeroes.
As much as the goldbugs here call the shift reasonings as de-dollarosation, conspiracy based, etc, the price in gold is driven by inflation. As it eases, and this is signaled by rates, it will retrace.
The debt, both US and Canada is fiscally responsible, but as a percentage of GDP (you won't want to hear this) completely sustainable.
We are going to see real productivity gains, due to AI and robotics, not unlike what we saw with personal computing, over the next 20years. This will support robust growth, lower rates as well.
And before you say it, China is fine, the only problem spot is US led "national security" restrictions on chip manufacture.
Anyway, let the gold bugs roll in their non-interest bearing Graves, pump fists and pitchforks.