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A structural rotation out of precious metals mining equities is driving a widening divergence between spot bullion demand and equity risk premiums. Compounded by USD…
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Jun 15
·
14 min read
The Gold-Miner Divergence: Institutional Outflows and USD Strength Create a Margin Trap
A structural rotation out of precious metals mining equities is driving a widening divergence between spot bullion demand and equity risk premiums…
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