| Gold has performed well in 2016 as fears of systemic failure increased. That's no reason to put on this "fear trade." Is the fear that sent global markets lower this year beginning to subside for good? Today, it's "risk on" mode as the Dow Jones Industrial Average joins the S&P 500 in climbing out of correction territory (a correction is usually defined as a 10% pull-back from the high).
With very few industrial applications, gold doesn't trade like a genuine commodity. You might be better served to think of it as psychological commodity, one that provides comfort to the anxious, the unhinged, and those more or less rational individuals who have fallen for gold marketers' pitch...............................................Full Article: Source
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