CUR - Sentiment Speaks: Gold Is So Misunderstood

2024-06-10 11:00:00 ET

Summary

• Too many rely upon fallacies as to what drives the gold market.
• It is not inflation, deflation, the equity market, the dollar, etc. which drives gold.
• Market sentiment allows us to prognosticate gold's trends with objectivity and relative accuracy, while ignoring all the noise.

If I hear that gold is a hedge against inflation or a hedge against market weakness again, I think my head is going to explode. Oooops. Too late. I just saw an article claiming that “[b]earish signs in the stock market indicate it's a good time to hedge portfolios with gold and silver.”

So, while I apply some bandages to my head, let’s contemplate how there are so many people in the metals market that are not burdened by the facts of history....

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