Don Curren 🇨🇦🇺🇦
1 Bloomberg’s John Authers: the #gold #selloff from its January intraday peak to the trough earlier this week was an epic 27%, while the week leading up to Trump’s post threatening to attack Iranian energy installations was its worst five-day decline since 2013. #markets
12:06pmWeb
Show threadDon Curren 🇨🇦🇺🇦10h ago
2 Bloomberg’s John Authers: For #gold #investors, the question is whether this conflict marks a tectonic shift in the underlying assumptions that have driven its rise (like the bear market of 2013, which came as investors grew to accept that the monetary easing … 🧵
Show threadDon Curren 🇨🇦🇺🇦10h ago
3 … that followed the Global Financial Crisis was not going to cause inflation), or a simple reaction to idiosyncratic factors tied to the war. 🧵 #gold
Show threadDon Curren 🇨🇦🇺🇦10h ago
4 Bloomberg’s John Authers: Gold’s trajectory in the last year looks startingly similar to the #Nasdaq Composite in the lead-up to the bursting of the #dot-combubble, which offers little comfort #gold