Gold started climbing in December 2015 (four years and one month ago) and is up 55%, since then. During this time, (1) the FED was tightening, (2) inflation was low, (3) the stock market SOARED, (4) the dollar was hitting ALL-TIME highs and other commodities didn’t participate in a rally.
At the highest level of government and central banking reside individuals who have proven themselves to be very capable men and women. Decision-making at their stature affects the lives of hundreds of millions, and sometimes billions.
The darkest hour of the day is the one that precedes dawn, same as 2019 has been UNREAL up until now – after 2018, when CASH (U.S. Dollars, to be exact) was the best-performing asset class and 93% of global assets were NEGATIVE for the year!
The Trump administration is doing anything it possibly can to feed the goose, and it looks like it keeps on eating the positive progress news regarding the Phase 1 deal with China.
Never have I seen the managed money – the hedge funds, considered to be the smart money, those that have access to all the data, those that have the resources to research and turn every stone – so FEARFUL of a recession, without there even being one at all.