Many Americans feel safe in their jobs and investments again.The polls tell the story. As 2019 wound down, the economy got its best rating in almost 20 years. Overall, 76% of those polled rate the economy very or somewhat good, according to a new CNN poll conducted by SSRS. That's up nine points from 2018 and the highest percentage since February 2001.
Everyday Americans have cash to spend and have the most positive outlook since . That doesn't bode well for gold. The recent gold rally will lull many of the financial illiterates that like to play in markets into a false sense of impending doom with gold as a saviour. It is sad that some will lose their shirts and face years of marginal returns or worse still capitulation when the realisation comes to bear that gold will not make them rich.
