And oh, the gold price jumped USD14/oz or close to 1% even with the signing of the US-China Phase One deal?
How is that so that gold is hovering well above USD1500/oz when it was see sawing in inverse relationship to the then probability of the trade deal resolution for the better part of late last year?
Shouldn't gold be crashing down below USD1450/oz with this positive outcome?
As I mentioned, Assumptions are not static but fluid, the markets have short term memory. And the US-Iran tension has already been forgotten - passe as they say.
There is nothing predictable anymore about long held (or even short held) relationships - like when the Dow rises, gold must surely fall and vice versa, how about when interest rates go down stocks must rise? or during an election year, the Dow must go higher? or the Fed will never allow the markets to go lower?
Welcome to the new decade where Assumptions are not static but fluid and so we need remain vigilance and nimble and not take anything for granted. Once Improbable and Unexpected things, good and bad, can happen that we must be prepared to embrace - what works in the past (even last year) may not be a sustainable precedent to guide your actions, hence prepare to be nimble.
