Gold Outperforms US Tech Stocks & Australian Shares | Debt Concerns Rise with Global Debt Now 3.3x Bigger Than Income | Gold Stocks & ETFs to Watch |

– And concerns are concerns are getting louder  - whoever wins the US election in about two weeks - Trump or Harris, will cause US debt to explode. This is a key reason global central banks keep buying record amounts of gold each month.  The other factors supporting gold include

–  war-tensions rising

– And simply the fact that gold rationally rallies after the US central bank cuts interest rates, the last three Fed rate cuts  - Gold rallied about 99% on average.

– But also consider after the US central bank cuts rates, that also provokes global banks to buy more gold. So it’s become a vicious cycle.

Billionaire investor Paul Tudor Jones this week said he’s buying gold and reckons young investors should be holding some form of gold investments too as he’s worried about those US debts levels rising. So too the International Monetary Fund, who is saying now there’s greater pressures on financial stability.

Also consider Gold has produced better returns than the Australian share market over the longer term too  -  it tends to do well when markets fall.

Shares in Newmont, the worlds’ biggest gold company are up 19% this year. They were up by more but Newmont shares fell 15% on Thursday in the US. Why? When we all know the gold price is at records high. Well Newmont’s sales rose almost 90%. But the miners costs rose due to higher wages and fuel prices. So Newmont’s profits didn’t rise as much as the lofty expectations. But I think investors will probably be buying the dip in Newmont

These are some of the most influential companies on the stock market – And when they rise, they usually take the market higher. But if they disappoint, things could get ugly. And the market might pull back, especially as margin loans on share trading accounts are at record all-time highs. However, if the market does pull back, you might expect dips to be bought, especially as there is now a new record of cash and money-market funds on the sidelines, standing at US$6.51 trillion.