GOLD 0.51% $1,391.7 gold futures

Yo JoeGold prices appear to be disconnected from most...

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    Yo Joe
    Gold prices appear to be disconnected from most traditional links.
    The Fed probably has the most influence. And the odd twit tweet.
    At times, it is in lockstep with the oil price, other commodities, DXY or the Dow.
    This does not appear to be the case ATM and the recent spike re missiles suggest that it is now considered as a true safe haven.
    Cryptos look like they are now playing a similar role. Might be a generational element.
    The moves in the ASX or DOW means gold stock prices appear still dependent on market forces but not the price of gold.
    I believe this detachment is necessary if a true gold bull market is to be established.

    I try not to read too much into the byplay - emotional detachment.
    Let the market tell you what is going on.

    Cheers.

 
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