Brad Dunkley of Waratah Capital Advisors sees gold's recent price drop as a buying opportunity, driven by governments' unwillingness to allow recessions and their commitment to keeping economies running hot through monetary expansion. This policy environment supports a long-term gold bull market by suppressing real interest rates and encouraging debt sustainability. Dunkley favors gold mining stocks, especially Canadian producers, which remain undervalued despite strong cash flows, as geopolitical tensions and financial policies continue to boost gold demand. The sector is expected to benefit from ongoing consolidation and stable jurisdictions like Canada.
Gold mining stocks like GDX, NEM, B, and HL are expected to rebound in July due to lower energy costs and gold being oversold. Meanwhile, major AI-focused tech companies such as MSFT, META, AMZN, and ORCL are under pressure from rising AI infrastruct...
The VanEck Gold Miners ETF is rated Strong Sell due to overextended precious metals despite recent pullbacks. Treasury Inflation-Protected Securities (TIPS), especially the PIMCO 15+ Year US TIPS ETF, are recommended as better inflation hedges at cur...
