To quote Randy Quaid from “Independence Day” …
“I’ve been sayin’ it. Ain’t I been saying it Miguel? … Yeah, I’ve been sayin’ it.“
We stated weeks ago that we think it is unwise to be exposed to any of them, on the long side. Pull up the charts. At the time of this writing, Gold is down intra-day by -1.09%. Again. Silver is down -0.94%. Long duration bonds are down another -1.38%.
And that’s just on the day.
Yeah … I’ve been sayin’ it …