Sell The S&P 500 And Buy Gold Mining Stocks

The 2-year Treasury yield has risen 50 basis points, reversing a recent short-end inversion. The author views the pullback in gold mining stocks as a timely buying opportunity in light of the yield move. The note implies the yield shift is the key catalyst affecting short-term positioning in the gold-mining sector.

Analysis

The 2-year Treasury yield has risen 50 basis points, reversing a recent short-end inversion. The author views the pullback in gold mining stocks as a timely buying opportunity in light of the yield move. The note implies the yield shift is the key catalyst affecting short-term positioning in the gold-mining sector.