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Interest in gold: lowest since November 2019


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#1 Rogerdodger

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Posted 23 July 2021 - 10:57 PM

"Why would you have money languishing in the gold market when you can put it to work in equities?"

Wall Street bears are back and looking for lower gold prices

13% bulls 60% bears.

 

NUGT: P&F Triple Bottom Breakdown July 19th

 



#2 ryanoo

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Posted 23 September 2021 - 01:15 PM

"Why would you have money languishing in the gold market when you can put it to work in equities?"

Wall Street bears are back and looking for lower gold prices

13% bulls 60% bears.

 

NUGT: P&F Triple Bottom Breakdown July 19th

 

Gold may be in the middle of a 20 year long relative bear market (vs. S&P), similar to 1980-2000.

This secular bear in Gold v. Spx started in 2011. 

JWAG


Edited by ryanoo, 23 September 2021 - 01:16 PM.


#3 ryanoo

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Posted 28 September 2021 - 11:58 AM

Gold may be in the middle of a 20 year long relative bear market (vs. S&P), similar to 1980-2000.

This secular bear in Gold v. Spx started in 2011. 

This secular equity bull coincides with demographics too -- 1980-2000 with the Boomers peak working years, and mid 2010s for 20 years with the echo boomers or millennials peak working years.  Not sure why the interest in gold would recede when there is the large active work population.  No matter what the underlying cause may be, people will be more interested in gold when the millennials start to retire, which is another dozen years down the road.