When the market goes risk-off, GOLD RUSH will follow!
53
Gold has been going back & forth around the impt 1800 pivot...ranging for quite a while. Gold & bonds (Flight to safety assets) perform well when dollar & yields go down & the market goes risk-off. Right now, Gold & TLT are under pressure with TNX yield rising up with the recovering economy, catching up with rising inflation. That may be suggesting that stocks still have quite a bit of room to go before gold finished consolidating & finally breaks out of that descending triangle. After that, the rally to 2000 will be fast & furious... releasing all the energy gold has been storing all this time. By that time, stocks will fall in a flash. Just my personal analysis. pls share yours.