@bda2206
I agree with the thrust of the point you are making - but that chart is a mislead
Gold - if that's your measure - typically sells off fairly sharply into peak broad index selloffs
But it falls relatively less than broad shares - and tends to race higher once the most extreme early stage down days are behind
historically - if you think a major dji correction is near - its best to buy gold during the event
But the whole argument is possibly flawed
- BML is a company not a precious metal spot price
Quite possible for stocks to stay steady or move higher precisely in anticipation of all the above - especially if theyre already at technically oversold levels
Historically gold typically rises sharply before a major DJI selloff - falls int he event - races up after
In the current context I would expect silver to do likewise as its now in persistent monetary demand for the first time in 50 years
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Price($) | Vol. | No. |
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