The rallies in gold, crude oil, and US Treasury notes and bonds are done! These investments represent the greatest risks in the markets today. I’ll leave US Treasuries for a later post.
While both crude oil and gold prices are easily subject to headline risk with the saber rattling of Iran and threats of closing the straits of Hormuz, investors should be viewing additional gains as opportunities to get out fast and look to redeploy elsewhere.
Fed’s policy did not cause gold price rise.