Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Without going into detail if the market moves to new highs I think the odds are good that we have entered a potential runaway move similar to 06/07.
I don’t actually expect the move to continue at the same pace as the last two months but it is showing all the signs of an impending runaway rally.
Needless to say shorting something like this is suicide, although I think by now we’ve all learned our lesson about shorting this cyclical bull.