If you are not a casino patron and if you are patient, you will
realize that the disconnect of gold from the ‘risk on’ trade currently
taking a manic and global center stage is a good thing.
Gold, a big hunk of value storage in a monetary world gone off the
charts, just sits there, waiting out the ridiculous lurches by casino
patrons over the years.
Summer of 2011, casino patrons jerk to the right (momo'ing a store of value). Winter of 2013, casino patrons jerk to the left (momo'ing risk).
Do you see the humor and the tragedy in all of this?