Gold: "A STUNNING example of herding behavior"
by Murray Gunn
Updated: September 11, 2020
Today, almost no one expects gold prices to decline.
The $3 trillion U.S. budget deficit; the ongoing pandemic; central banks' "printing money" -- gold bugs are throwing all that and the kitchen sink at building their bullish case.
But, in our 40-plus years of observing market behavior, we've seen moments like these before. And this one rings a bell.
Today, lots of websites will tell you what's next for gold -- but in our experience, the best market guide is investor psychology.
Watch our Head of Global Research explain what today's projections for "gold $20,000" have in common with historical projections for the DJIA.