Loading ...another headwind, but a headwind now for the SM.
I remember exchanging emails with Sinclair, I asked him whether gold can rise against rising rates. He told me that gold would outperform when rates are rising quickly – assuming that might have happened in the 70’s – 80’s.
Speaking for myself, I’v e never seen gold go up when rates have risen. I guess if the bond market blows up it might be different.