In the Vanguard?

"I know what it's like to lose precious things. And then, of course, to find them again."
--Laura Charles (The Last Dragon)

In 2001 Vanguard removed the word 'gold' from its precious metals fund title. Gold subsequently commenced a decade long bull market move.

Whatever your views on the barbarous relic, it's hard to ignore the sentiment behind Vanguard dropping "precious metals" from its Precious Metals and Mining Fund after having dropped "gold" at almost the exact low in May 2001. $VGPMX pic.twitter.com/VTu0mMYGr5

— SentimenTrader (@sentimentrader) July 31, 2018

Vanguard recently announced that it will change the name again--this time removing all reference to precious metals. Old name: Vanguard Precious Metals and Mining Fund. New name: Vanguard Global Capital Cycles Fund.

Contrarians will surely raise eyebrows...

position in gold