Gold might be getting ready for another leg higher
From my blog:
It looks we could see a correction in the US stocks too. We’ve been seeing it in other markets already. But don’t be mistaken, I think this could only be a correction within a secular bull market. I don’t want to be calling for a 2008 style crisis yet however it can always evolve into something bigger.
There is an interesting rotation happening right now though. Gold has been a mess in the past months and even years. Many were expecting it would start trending higher. I was one of them for some time but I’ve put that thesis aside until now. I’m starting to see reasons for joining the party! What if this correction in the US stocks will ignite it?
It looks we could see a correction in the US stocks too. We’ve been seeing it in other markets already. But don’t be mistaken, I think this could only be a correction within a secular bull market. I don’t want to be calling for a 2008 style crisis yet however it can always evolve into something bigger.
There is an interesting rotation happening right now though. Gold has been a mess in the past months and even years. Many were expecting it would start trending higher. I was one of them for some time but I’ve put that thesis aside until now. I’m starting to see reasons for joining the party! What if this correction in the US stocks will ignite it?