Retail Market (Still) Mostly Ignores The ‘Hedge Against All Human Stupidity’
Gold is holding above $4,000 an ounce, even though the textbook says it shouldn’t. Treasury yields have jumped to multi-decade peaks, raising the cost of holding an asset that pays no interest. iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT ) has slid 11.4% year-to-date, while the SPDR Gold Shares ETF (NYSE: GLD ) —tr