Wall Street turns bullish on gold price ahead of the Fed, Main Street clings to slim bullish majority despite weekly slide - KITCO
Wall Street turns bullish on gold price ahead of the Fed, Main Street clings to slim bullish majority despite weekly slide - KITCO
Source: KITCO
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DW NOTE
Wall Street analysts calling gold bullish at $4,404 is like calling the fire department after the house burned down. Gold sat at $5,318 in January — 17% higher than today — when the Strait was open and inflation was the same 3.5% it is now. The metal didn't rally on the closure; it sold off through it. Institutional positioning follows price, not the other way around.