Gold tests $4,100 as the inversion dynamic tightens its grip - but the selling may be nearly exhausted - KITCO
Gold tests $4,100 as the inversion dynamic tightens its grip - but the selling may be nearly exhausted - KITCO
Source: KITCO
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DW NOTE
Gold is down 22% from its January peak while the S&P climbs 21% and the VIX sits at 15. The inversion dynamic Kitco describes is equities displacing gold as the chaos hedge — a reversion that makes sense only if you believe 4.3% inflation with 3.6% policy rates and a collapsing ceasefire in the Gulf constitute stability. The selling may be exhausted, or it may have another 22% to go.