I have been walking for nine days through the north of Spain, it’s hot, it’s dry, and it’s relaxed. I don’t understand much Spanish, but I doubt if any of the conversations in the numerous cafes I’ve visited are about how crazy world economics are these days.
What A Week!
I continually wonder why every market commentator talks down gold when the numbers are so clear. Over time gold out performs, and when markets push into stormy seas, gold has always been a safe port. The performance of gold over the past six months is a red flag and it is waving frantically in the winds of the upcoming storm which is just over the horizon.