I have been a gold bull for quite some time. I highlighted its bullish potential in early 2024 when it staged an upside breakout to an all-time high at 2100. Last November, I reiterated my bullish view with the publication, 2025 High Conviction Idea: Gold. Since then, gold prices have gone parabolic and soared to new highs in all major currencies, including the Swiss Franc, which is considered to be a “hard currency”.
It may be time for a pause. If you are ready to be a contrarian on gold, the tactical contrarian trade here would be to sell gold and buy bonds.
The full post can be found here.
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