Gold, stocks, and the US Dollar will rally together, a combination likely not seen since the American Revolution, not because the 'fundamentals' or confusion from the Fed but rather because of failing confidence in the public sector by a growing majority. The trend from cooperation to separation, the real driver behind the growing divide across Europe (1), Asia (1), and the United States (1, 2, 3) that few can acknowledge, reflects this trend.
Headline: Gold has 'unlimited upside' because the Fed is 'confused' on policy: Trader
Gold just posted its longest weekly winning streak since July 2011, but if investors missed out on the recent rally, fear not. One trader says the commodity has "unlimited upside," and investors have the Federal Reserve to thank for it.
On CNBC's "Futures Now" this week, Tom Colvin said that gold will remain in a bull market that will only come to an end "when central banks take their hands out of the cookie jar." The Federal Reserve is unlikely to hike rates in the foreseeable future, despite a blockbuster June employment report on Friday.
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