Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
If you lost it emotionally because GLD was down -0.88% yesterday, consider the alternative:
A) Goldman’s “Expensive Software” Basket was down -6.5% on the day
My largest Asset Allocation (US Dollars) was up another +0.9% to new Cycle Highs yesterday too, so I got over the GLD thing. If this morning’s US Jobs report is bad (in rate of change terms), I think I’m set up for longer-term Full Cycle gains in Gold.