Gold’s “fear factor” is stronger now than it has been at any time since the 2008 credit crisis. Investors are more interested in capital preservation than in capital gains, and with investors facing the genuine threat of economic depression, gold is poised to attract even more safety-related money flows. The only thing standing in gold’s way in the immediate term is the recent strength in the U.S. dollar. But as I’ll argue here, the fear factor alone is sufficient to maintain gold’s intermediate-term (3-6 month) rising trend.
After hitting $1,770/oz. and closing at its highest