Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. 

If the world (or The Cycle) was about to end, why was Gold down another -3.6% last week to -7% YTD?

Heck, if you were long Gold and something like Palladium (we’re not), the latter was down another -14.2% last week taking its 3-month crash to -25.6%. I’ll stay with my Long Coffee (JO) position, thank you.

CHART OF THE DAY: Gold & Palladium? We'll Stick To Coffee - pm2