But now there is a reverse logic situation that says BAD NEWS ON THE ECONOMY IS GOOD FOR STOCKS...because it means the FED can quit raising rates soon...this oddly drives down gold as an inflation hedge...
But sometimes gold and stocks can rally together on the notion that: "It's all getting better in investment land."
SO NOW, STOCKS AND BONDS "RALLY" ON BAD NEWS...LIKE TODAY'S DURABLE GOODS ORDERS. But gold falls.Stocks and Bonds are very inflation sensitive.
But gold can actually fall on inflation news: IF the FED is seen to be "on the job."
Stocks find many ways to rally. But, Gold always finds many ways to fall....
Conclusion:
THERE ARE MORE PEOPLE OUT THERE "SPINNING STOCKS" THAN THERE ARE "SPINNING GOLD."
AND IT MAKES A DIFFERENCE WHO GETS THAT ALL IMPORTANT "MORNING HEADLINE!"
