I like to have a reference to refer back to a year or five years from now capturing certain points in time. The market seems to be placing peak confidence in financial assets (stocks) vs. gold.
This post continues from a prior post.
The Bearish Gold Articles keep on coming: businessinsider
Chilton Capital's REIT Composite was up 6.1% last month, compared to the MSCI U.S. REIT Index, which gained 4.4%. Year to date, Chilton is up 6.3% net and 6.5% gross, compared to the index's 8.8% return. The firm met virtually with almost 40 real estate investment trusts last month and released the highlights of those Read More
Running out of metal.
Even bullish mining investors expect “waterfall declines” and gold going below $1,100. Momentum creates the news. To be fair, he is long-term bullish, but note the “certainty, inevitability” of gold falling in USD below $1,100 or even to $1,000. Since he is probably considered strong hands (better capitalized with more experience in precious metals miners) his view indicates VERY bearish near-term (1 day to two/three months sentiment). As I interprete this news.
Financial risk is increasing on US company balance sheets, but then who cares while confidence is high?