Golden slumbers? Hardly. The precious metal has awakened in the past three months, quietly outperforming stocks since their mid-October lows.
That’s something that hasn’t happened in the half-century since the Bretton Woods monetary regime ended. Credit for flagging this goes to Strategas Research Partners’ technical and macro research team, headed by Chris Verrone. The Strategas crew pointed out in a Jan. 18 client note that the precious metal was up 14.6%, outpacing the S&P 500 11.8% gain, since equities’ Oct. 12 bottom.
