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Gold is sending a dark sign that 'almost everything has changed' in the market
By Julia LaRoche
Yahoo News, Sunnyvale, California
Tuesday, June 28, 2016
Gold and the U.S. dollar are no longer behaving normally and it's crucial that investors pay attention to this move, Raoul Pal and Grant Williams said during a discussion about the Brexit on Real Vision Television, a subscription financial news service they cofounded.
Gold is widely considered a hedge against the U.S. dollar. When the dollar falls in value, gold prices often rise. However, this relationship has been breaking down.
Pal, a former macro fund manager and author of the research letter "The Global Macro Investor," recently said that a dollar rally along with a gold rally is "a sure sign that almost everything has changed."
Williams, the author the research letter "Things That Make You Go Hmmm. ...," agreed that it's a "sign that there's some move toward an end game of sorts."
Following the stunning Brexit vote last week, investors simultaneously piled into gold and the U.S. dollar, which are both considered safe-haven assets in the international financial markets. Both gold and the dollar have rallied.
For gold and the dollar to move in the same direction is not normal. It's actually a sign of uncertainty or financial stress. ...
... For the remainder of the report:
https://finance.yahoo.com/news/why-investors-should-pay-attention-to-mov...
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