Abet Chichi2

[Tuff-Stuff]

Gold is smelling a rat in this ‘animal spirits’ market — this is how

Published: Feb 16, 2017 7:26 a.m. ET

On to our call of the day from the The Big Breakout blog, where author SnufflesTrading notes how gold’s behavior hasn’t been behaving in a traditional manner. Gold would normally move in the opposite direction of stocks, but right now it’s up about 7.3% for the year so far, while the S&P 500 is up around 5%.

The blogger maintains “gold is telling the world something” right now, and seems to be among those who don’t quite buy all the market enthusiasm right now. Put your faith in gold, seems to be the message.

“After the election and 2016 longs were unwound, gold has come back to a fair value and silver is leading the charge. This is very positive price action...” says the blogger, who provides this chart:

full @ http://www.marketwatch.com/story/gold-is-smelling-a-rat-in-this-animal-spirits-market-2017-02-16?siteid=rss&rss=1