Sad Old Man Rocks making new high

Just a quick update on the gold breakout I wrote about on July 1st. Lots of follow-through for the metals ETFs and related mining stocks. Gold is now decisively above its previous nominal highs. In my experience, once an asset class or commodity takes out a multi-decade high, it’s probably a mistake to think you’re smarter than the crowd and fade it. Think about the wise guys who wanted to sell into the Nasda...

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source https://thereformedbroker.com/2020/07/27/sad-old-man-rocks-making-new-high/