The Gold Market Knows It’s a New Macro, but Dead Men Walking Do Not (yet)
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The article discusses the gold market's response to the current macroeconomic situation and government hiring trends. The author highlights the continuous rise in government employment, which has reached an all-time high since June 2022. The article suggests that gold is looking beyond the current inflationary environment and is anticipating a post-bubble and counter-cyclical macro picture. The author predicts that gold may face challenges in the stock market during a bear market but sees the breakout in the gold chart as a positive sign for the anti-bubble. The article concludes by emphasizing the need for a shift in thinking and preparing for a coming economic bust and counter-cyclical environment.
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