Loading ...I like Gundlach and his market views and think he is the new bond king. He said today that he’s been bearish on gold for a little while. He said his models show that gold is “very” overvalued.
I have to think that his models are largely USD centric because he went on to say that people should have 25% of their money in commodities when this selling is over because the Fed will reverse course and the dollar will fall.- Except gold “for now” he said.
Not sure I understand the logic but I wouldn’t be surprised if we get a $100 down day tucked in here. Truth is, we are probably lucky to be at $1800 with how strong the USD has been.