Stocks have been crumbling. Bonds are faltering. But for months now, Hedgeye has remained long one of the few assets still in the green during these highly volatile days: gold.
In this clip from The Macro Show, Keith McCullough explains why gold continues to serve as a trusted global currency during times of uncertainty.
“Gold is doing precisely what it should be doing right now. And no, it’s not done going up,” McCullough says. “This not a thing that people are chasing at all yet. Certainly not to the amount that people are chasing a Bitcoin chart.”
Make no mistake—Hedgeye isn’t run by perma-bull “gold bugs” trying to sell books. As McCullough makes clear, once gold starts making lower-highs in our signaling process, we’ll reduce exposure and ultimately cut it loose.
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