MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
Macro Voices
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The Recession Call Is Playing Out Pretty Well
I think from a seasonal point of view, the next couple of weeks will be will be tough. Normally mid July, beginning of August, better seasonal setup starts. If we have a look at risk appetite, for example, the gold silver ratio, it's not very very bullish. We don't really see a lot of a lot of interest in the mining space. So so we are now a little bit in no man's land, I would say,. But being in no man’s land at those price levels, I feel pretty comfortable to be honest.
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