Your synopsis is centered on a negative correlation between stocks and gold.
Yet, measured over 12 months the correlation coefficient between SP500 and Gold is 0.38 and reducing the timeframe from May '19 to present day it is stronger at 0.45.
What criteria are you relying on to deduce a different outcome from the market is indicating ? Probability is currently in favour of Gold and SP500 moving together whether that is up or down.
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Dusko Ljubojevic, MD
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