Well, why do you think gold has not cracked 2k? My personal take and the only viable reason: People do not buy gold, period. Stop trying to explain things, try to understand what the people who are involved might do next. When everything goes to shit, why would I rush into an asset that has no yield, is expensive to store and has no real value aside from being heavy and shiny? I would try to squeeze out the last bit of risk free return possible - > hello treasuries
why gold follows stocks with a time lag so if stocks go up, gold does too. if stocks turn down ,gold does too but after a lag......so it continues up a bit and then turns down.
Market isn’t the same as it’s been a decade ago. Supply has become waay smarter, faster and more efficient to take the other side of your position. He has no need to get out of the position while u do. Which way do u think the price will go then? Everybody knows that you want to buy gold in todays environment.
Not really, Padu has a fantasy and hoping reality will catch up. When you all long, it most often does, but when it doesn't........
Historically as Scat mentions, gold has a tendency to fall once a large bearish market gets underway. Gold has a tendency imo to rise due to seasonality of Asian gift buying but also of late Central Banks buying. I would assume under a bearish market condition gold which was previously hoarded would begin to enter the market selling.
On a day when equities are down 7%+ it is pretty respectable that gold maintained value. I hold gold as insurance.
Took a look at SPX /Spot Gold ratio and see that it topped out in Sept '18 and has been trending lower till recently it just cratered of course: