XLF ETF tells the story
As the Republicans put the US on the line the financial ETF, XLF gives a verdict and it isn’t good.
I have been wrong on Gold since getting out of longs around $ 1000 a couple of years ago after holding the position for eight years. While deflation is still the underlying long-term factor on which I am focusing and that which will undo gold eventually, I have wrongly discounted the feelings of fear that have been the leading market edge ever since the last election in 2010. That fear is getting fairly heated and so this stage of the gold market move is rapidly approaching a climatic end.