October Gold Delivery: Not A Repeat of the 1999 Rally? - KITCO
October Gold Delivery: Not A Repeat of the 1999 Rally? - KITCO
Source: KITCO
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DW NOTE
Gold fell 24% from its January peak while oil surged 9% last week on renewed supply disruptions. When energy chokes and currencies debase, gold is supposed to hold — that's the asset's only job. If it can't perform during a partial Strait of Hormuz blockage and a $2 trillion federal deficit, the 1999 analogy isn't just premature, it's backwards.