When price hurt...Report show amazing amounts moving to equity while
Gold is plunging.
Stocksprices were over the top, are now way over the top and will end n cut month at a level we will remember for a long time.
Over the last year, stimulus flooded the market and for individuals, business was almost as usual but with controled spending: Cash, cash and price rocketing.
We are in the RRSP/401K season, stock markets are like hot cakes, nobody want to miss the boat. But will this wave end on April 15!
Will it be the perfect storm where the unsustainable equity valuations, inflation at the corner and undervalued gold prices will put back gold over 2K.
Last year, high priced gold was perfect to level portfolio with the fantastic lower priced equity. It was called " reasonable priced equity". But not this year.
Now is a sell high buy low momentum.