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Believe it or not, gold may be the best contrarian play right now.

Summary:
Gold is very much out of favor, but the conditions that drove it above 00/oz last August are still around. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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Gold is very much out of favor, but the conditions that drove it above $2000/oz last August are still around. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Believe it or not, gold may be the best contrarian play right now.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

15 comments

  1. I agree.. seems like a bear phase of a larger bull cycle..

  2. Gold has more room to go down yet in my opinion

  3. i am a gold bug but what i see its not done going down. i'm looking for april 20' area before i'm interested again. but i was just looking at the daily chart of GLD and it looks a lot like many consumer product stocks like MKC & CHD, don't know why just does.

  4. I like what i'm hearing!

  5. lol in 2 or 3 years you wont even be able to give away silver or gold for free. Everyone wants bitcoin no one wants that other garbage.

  6. Your perspective is always appreciated Mike. It seems bitcoin has taken some of Gold's position lately as a safe haven. Bitcoin appears a to be a bear trap. I choose my Gold for my safe haven

  7. Gold will capitulate when Bitcoin rises fast and furious. When BTC corrects, gold should continue its Bull trend. Both, are setting up nice fundamentally for the perfect Macro Storm in my opinion.

  8. Hey Mike! You are Golden!

  9. Historically, gold has been the worst performer against the general market. It is just a shiny rock that has no attachment to real hedging. And in times of distress, it's not the gold people hoard, it is can food and ammo!

  10. Finance & Economics

    Gotta agree!

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