Yes, it seems predictable. If there's a big hit on stocks, there's likely to be a big hit on metals.
I kinda figured as much.
So, do we go back to a deflation/inflation argument? There may be a school of thought that would say that both asset classes are in bubbles. So, if there's a drop in one, there's likely to be a drop in the other.
My thinking follows a different train. I think paper assets are in a bubble. Gold can resume its climb like it did in 2008 and 2009. But it may take a big hit before resuming its rally.
I noticed that oil hasn't changed much. In 2008, it plunged.
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