"If Stocks Don’t Fall, the Fed Needs to Force Them" Bill Dudley, They Can't Stop The Great Rotation

The economy is getting so bad the former NYFed President Bill Dudley issues another post-service op-ed warning that "If Stocks Don’t Fall, the Fed Needs to Force Them"...It’s hard to know how much the U.S. Federal Reserve will need to do to get inflation under control. But one thing is certain: To be effective, it’ll have to inflict more losses on stock and bond investors than it has so far.
http://goldmining.com
GOLD: TSX
GLDG: NYSE AMERICAN
Investors should pay closer attention to what Powell has said: Financial conditions need to tighten. If this doesn’t happen on its own (which seems unlikely), the Fed will have to shock markets to achieve the desired response. This would mean hiking the federal funds rate considerably higher than currently anticipated. One way or another, to get inflation under control, the Fed will need to push bond yields higher and stock prices lower. In 2022, the Federal Reserve has promised not one, not two, but three rate hikes. Wall Street's behavior will be risk-off!
Gold is the ultimate risk-off asset class, in our view.
Within this sector, only one company strikes me as the most compelling example of a deep and extreme value setup at this very moment.
http://goldmining.com GOLD: TSXGLDG: NYSE AMERICAN
Here's how this stock performed when gold's spot price rose in the past decade:
December 2013 to March 2014: 164%, comparison to gold spot: 11.49% (10x LEVERAGE)
January 2016 to September 2016: 665%, comparison to gold spot: 22.65% (30x LEVERAGE)
December 2018 to February 2020: 150%, comparison to gold spot: 26.01% (5x LEVERAGE)
March 2020 to August 2020: 218%, comparison to gold spot: 36.12% (7x LEVERAGE)
At this very moment, GOLDMining Inc.'s (NYSE: GLDG) http://goldmining.com gold resource (ounce equivalent in the ground) trades for $2.60/ounce. That's TWO dollars and sixty cents per ounce!
The industry standard is currently between $40 and $50 per ounce. Given its portfolio size, had the market given it a price of only $20/ounce, HALF of the more conservative average, the stock could appreciate by 310%!
https://portal.goldstandardir.com/disclaimer/GOLD-2