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Mike Maharrey: Why is the mainstream always disparaging gold?
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Monday, April 8, 2024
According to the mainstream, it's always time to sell gold.
Maybe listening to mainstream talking heads isn't the best strategy.
On March 8, CNBC's"Fast Money" featured TD Securities senior commodity strategist Daniel Ghali arguing that it was time to take profits on gold.
... Dispatch continues below ...
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That didn't age well.
Gold closed around $2,162 that day. Since then the yellow metal has gone up over 8 percent.
It's not so much that Ghali made the wrong call. Anybody trying to predict market movements is going to make the wrong call from time to time. The issue is the mainstream constantly poo-poos gold, whether it's going up, down, or sideways. ...
... For the remainder of the commentary:
https://www.moneymetals.com/news/2024/04/08/why-is-the-mainstream-always-poo-pooing-gold-003103
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