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Gold is sending a dark sign that 'almost everything has changed' in the market
Investors need to be paying attention to the move in gold and the US dollar, Raoul Pal and Grant Williams, cofounders of Real Vision Television, both said.
By Julia La Roche 7 hours ago
... For gold and the dollar to move in the same direction is not normal. It?s actually a sign of uncertainty or financial stress.
?It doesn?t happen often, but when it does it?s a sure sign people are nervous?saw it in 2008, saw it in the 30s. It?s a sign we are at a point of critical stress,? Williams told Yahoo Finance in a phone interview. ?It is a big deal. It?s a very rare occurrence,? Pal also told Yahoo Finance.
Pal continued: ?This never happens?It?s a dark sign. People are forced to buy dollars because of the global carry-trade. They want to own gold because in a negative interest rate environment?if your interest in Germany is -1%, you?re better off to own gold.?...
Investors need to be paying attention to the move in gold and the US dollar, Raoul Pal and Grant Williams, cofounders of Real Vision Television, both said.
By Julia La Roche 7 hours ago
... For gold and the dollar to move in the same direction is not normal. It?s actually a sign of uncertainty or financial stress.
?It doesn?t happen often, but when it does it?s a sure sign people are nervous?saw it in 2008, saw it in the 30s. It?s a sign we are at a point of critical stress,? Williams told Yahoo Finance in a phone interview. ?It is a big deal. It?s a very rare occurrence,? Pal also told Yahoo Finance.
Pal continued: ?This never happens?It?s a dark sign. People are forced to buy dollars because of the global carry-trade. They want to own gold because in a negative interest rate environment?if your interest in Germany is -1%, you?re better off to own gold.?...