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It's that time again for Hedley Widdup’s effin “resources cycle” clock again which has now advanced from 4 to 5 o’clock led by a booming gold price which has not only seen a period of outperformance from gold stocks but also a raft M & A activity on the back of it.
At what point will he pivot towards a more market friendly policy and allow the Fed to re-commence their easing program?