I wrote yesterday that the stock market has been gripped by a YOLO (You Only Live Once) and FOMO (Fear of Missing Out) madness. I can suggest a possible refuge: gold and gold miners.
Gold prices recently made a fresh high last week, but the breakout was not decisive to be judged as unabashedly bullish for the yellow metal. The technical pattern was nevertheless highly constructive as it’s tracing out a possible cup and handle formation. In addition, the inflation expectations ETF (RINF), which measures 30-year bond market inflation expectations, is upward sloping and confirms gold’s uptrend.
The full post can be found here.
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