How’s gold doing?

Today’s commentary
Summary: The chart on gold is not looking very good. And it seems that retail investors have lost interest in the precious metal. Is this a correction within the longer-term gold bull market or is it a new secular bear market for gold? I have some thoughts below?

I don’t like talking about gold because it is not an investment which lends itself to rational and logical analysis based on traditional valuation metrics. But I am going to try to put some logic to it here as precious metals are an investment sector which cannot be overlooked given the historical importance and the outperformance of precious metals over the last decade.

But gold has been breaking down in a big way since a peak in 2011. Why? In January 2012, when I predicted that gold would break down, I ...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More