Well I was half right.... European & US equities markets hammered . Gold off around 1%. We saw a similar move last time there was a sharp move lower in equities as those who had hedged their long equity position with a long gold position have to sell their hedge as they sell out of equities. I should have remembered this from the last big move. What I do remember is gold did respond & break free of equities shooting higher after a couple of days of trading in tandem & I wouldn't be surprised to see the same here.
- Forums
- Commodities
- GOLD
- US equities running into a wall?
US equities running into a wall?, page-72
- There are more pages in this discussion • 225 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)