Gold price still disappointing speculators, but it’s doing as it should do

Back in August I wrote an article called Gold: The Anti-Bubble. The point being that if you want to consider an asset to be sound value in a world of ongoing plays boosted by inflationary policy, speculating upon it – especially at a time when the cyclical risk ‘on’ trades are in upside momentum mode – is illogical. As are expectations for it to perform up to par with said bubble beneficiaries (as noted previously, I define the bubble as monetary and fiscal policy and the stock market as a direct beneficiary) as long as… It’s a Bubble, and It’s Intact.