Post by
Countrygent on Sep 20, 2021 1:00pm
A Little Normalcy?
Broad pre-taper tantrum drives a sharp sell-down of big board stocks, and gold and golds neutral to positive.
Finally, someting expected, gold as a portfolio stabilizer ... works!
Jitters and profit taking. How aggressive can the FED dot-plot be? Or the tapering of QE-permanent?
Knowing how money talks in most countries, nothing like the market getting fed up with limping economic progress in the face of stubborn Covid variants and continuing infection rates to push for more aggressive mandates and sanctions against unvaccinated folks. Talk about your freedom and any other ethos you want, but hey, if my 401K or equivalent is shrinking, that's unacceptable!
cg
Comment by
rockport1 on Sep 20, 2021 3:23pm
IMO, the best scenario for the gold sector is if the general market slowly, but continuously, drifts down while the gold market holds firm or drifts up. Similar to what we see today, but on an ongoing basis. Might create the impetus for a major shift of funds into the sector. As you say, back to the "normal" we haven't seen in decades? One can only hope.