The gold bugs are probably freaking out a bit. Gold is at multi year lows and the charts are awful. I think there are alot of retirement accounts holding gold as hedge. But not sure what it is hedging at this point or in the foreseeable future.
The gold bugs are probably freaking out a bit. Gold is at multi year lows and the charts are awful. I think there are alot of retirement accounts holding gold as hedge. But not sure what it is hedging at this point or in the foreseeable future.
Never invested in it.
I have a gut feeling the gold decline will be followed by a broader stock market decline. The smart money will probably buy cheap gold right before the stock market rout.