Blog
If you watch the financial news networks, especially Fox, you are told that “All is well,” that the economy will grow this year somewhere near 3% and that stocks are still good buys. However, there are indicators of strains on the economy that are not often mentioned on Fox.
So far this year, gold has outperformed stocks, up 2.5%, about what the Dow Industrials are down, for a 5% difference. Still, gold’s performance this year has been disappointing to many investors considering the huge downside moves that stocks put in this year. For 2017, the S&P 500 gained 19.4%, the Nasdaq 28.2%, and the
According to news wire reports, gold’s $20 plus upside move today is part of a rush to safe havens. US Treasuries are up also, which means that yields are down. The blame, again according to reports, lies with the tariffs that Trump laid on Chinese imports. China fired back with tariffs of its own. Will
