You heard it here first (because I have yet to have seen it written about anywhere else!):

Despite the clear consensus of market prognosticators before the start of the year, gold prices are hammering the S&P 500 over the first three and a half weeks of the year.

And according to the old Trader’s Almanac adage, the year ahead tends to look a lot like how January looks.  If that’s the case, US equities are clearly on the back foot.  And, the unloved yellow metal underdog is suddenly and quietly in the lead.

Stay tuned!

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