Cause you shine on me wherever you are
--Madonna
Hedgies think gold is losing its luster. The thinking appears to be interest rates worldwide will rise, which will be bad for gold.
Not sure a historical study of long rates vs gold would bear that out...
Personally, I see risk in gold here too. Hard for me not to look at the chart above and eye 1000 as a logical landing zone. Should we get there, I'll likely be active.
position in gold
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No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;
~US Constitution, Article 1, Section 10
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