Gold trading like recession now.
I don’t see it. I don’t see it in the flows. I don’t see it in oil and gasoline demand. I don’t see it in imports and exports. I don’t see it in stocks.
I see agricultural prices have fallen. That’s it.
I see the dollar having rallied.
So either gold is keying in on something that I’m missing or it’s just an emotional spec liquidation and stops getting hit.
