You heard it here first (because I have yet to have seen it written about anywhere else!):
Despite the clear consensus of market prognosticators before the start of the year, gold prices are hammering the S&P 500 over the first three and a half weeks of the year.
And according to the old Trader’s Almanac adage, the year ahead tends to look a lot like how January looks. If that’s the case, US equities are clearly on the back foot. And, the unloved yellow metal underdog is suddenly and quietly in the lead.
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