Russ explains the mystery of why gold is performing surprisingly well while stocks are rallying.
In good times insurance is a liability; you don't expect to make money on an insurance policy unless something goes wrong. Which is why it's interesting that gold, a form of portfolio level insurance, is performing well despite a so far stellar year equities.
I last discussed gold in late October. At that time, gold had been struggling for much of 2018. I suggested that a flatter dollar and lower interest rates, along with a more volatile equity market, would