Rock stars: Look to gold miners in the next stage of the bull market
Bull market set to resume going into 2021
Norman Villamin of UBP
The inability of US fiscal authorities to agree on additional relief measures ahead of the November US elections, and the hesitance on the part of the Federal Reserve to fill the policy gap that has emerged to support the recovery, has resulted in a correction in the gold bull market that began with the end of the Fed's last rate hiking cycle in late-2018.
However, once the election season passes, we expect that US fiscal resolve combined with the resumption of Fed support via bond buying should provide the next tailwind to the gold bull market. While...
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