Something is brewing. I’ve been long gold since late 2012, gotten crushed, but held on to everything, totally white-knuckled and confident. Gold is up over $30 in the premarket this morning, this while equities are crashing and money supply is still expanding fast.
This tells me that rapid inflation is at the doorstep. I called a bottom earlier, and now I’m as close to 100% positive on the bottom as you can get in market prognostication.
If gold is moving higher with treasuries, just wait until treasury bonds start collapsing along with stocks.
When oil stops falling, gold will move higher even faster than it is now. There is quite a long way to go before getting back to 2011 highs. Plenty of time to get in here.