Below is a brief excerpt transcribed from Monday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough.
I’ll tell you what wasn’t down this past week, which continues to perform not only on a 1-week basis, a 3-month basis, and a full investing cycle return basis.
That’s right, Gold!
That’s how we make the big money. Instead of panic attacks just think about it. You’re up +2.5% last week. You’re up 10% in the last three months. You’re up 47% going back to when we bought Gold in the beginning of 4Q18.
Across all durations that really matter, that’s how you make money.
Today is a day to book more gains with Gold at the top end of the range. It is making higher highs. I call this Phase 4 (channeling my inner President Trump) of the bull market in Gold. That’s when you get these blasts higher.
And this is the fourth one in particular going back over 1 ½ years now.
