There have been plenty “buying opportunities” (why is it that they never call them that in the Long Bond or Gold?) this year. Gold was one of them yesterday as we tapped the low-end of my immediate-term risk range = $1319-1365.
Anything that’s not hawkish from Janet should be bearish for Bond Yields; bullish for Gold and Platinum. (Note: Gold and Platinum are up 25% and 22% year-to-date respectively.)
Editor's Note: The snippet above is from a note written by Hedgeye CEO Keith McCullough and sent to subscribers this morning. Click here to learn more.
Want more? Watch Hedgeye CEO Keith McCullough in the video below explain why investors should be long Gold.