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Hartnett: "Gold to $3000 as Neither Harris nor Trump are [Debt] Gamechangers"

Inflation Reacceleration is Coming
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Housekeeping: Good afternoon. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through [starts 9:33 mark] with analytical comments transcribed, 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy. 1


Topics covered: Commodities, Bull/Bear macro debate, Election Soft Landing, inflation reacceleration

Main Flow Show Points:

  1. Bullion, Bonds, Breadth are the Play in increasingly likely soft landing

  2. Gold best play against inflation acceleration

  3. Gen Z/ Millennial voters in majority

  4. Oil best contrarian bet (it discounts a hard landing)

  5. Sweep by either party less likely = spending unchanged

  6. Comment: Gold Buy Season Preview? as noted in MUFG says the quiet Part Outloud yesterday.

Gold heading to $3000/oz as neither Harris/Trump gamechangers for trajectory of US government debt

—Michael Hartnett

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GoldFix
GoldFix
Capital markets recap, commentary, and analysis for evolving traders