Has the CV move bottomed out? https://www.bloomberg.com/news/arti...he-most-intraday-since-june-2013?srnd=premium
shows you gold ain't safety hedge for shit... it's just a comfort pick for the dumb money who have missed the stock rally. the only true gold, is the dollar.
No, it just shows that gold doesn't work as a hedge 100% of the time. Overall it's been a good hedge. It was also erratic in 2008, first moving up then moving down. But it ended with a small gain in 2008. If you had, say 20% gold and 20% bonds along with 60% stocks, you'd have fared far better than a 100% stock portfolio in '08. Gold also had strong rallies during the 15-20% stock corrections in 2011, 2015 and 2018 (both times). Look at the big picture, not just a few days.