Everywhere is giving you a once in a generation buying opportunity. Are you really going to choose the slowest moving asset?
Gold Is Giving You a Once-in-a-Generation Buying Opportunity on Its Way to 4,400
The upside breakout in gold prices has more room to run. Now that gold prices are reaching new highs, is there still a buying opportunity - or is this a bull trap?Gold traditionally has moved opposite to the U.S. dollar . But the dollar's recent weakness doesn't explain why gold is at an all-time high. Gold is also considered a hedge against inflation, yet inflation-linked U.S. Treasury bonds, or TIPS, have been weaker as gold prices have advanced. A similar pattern can be seen in the ProShares Inflation Expectations ETF RINF, which is linked to the price of the FTSE 30-year TIPS Index.On the other hand, my analysis of gold sentiment takes a more nuanced view. The bears will argue that gold mining stocks - using VanEck Gold Miners ETF GDX as a proxy - is overbought and a sign of a frothy market. The bulls will counter that the gold-miner-to-gold ratio is only in the middle of its three-year range. More importantly, junior gold mining stocks - represented by the VanEck Junior Gold Min
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