Gold Is Yet Again Is Unequal to Safe Haven Status

War, what is it good for? Not gold, apparently. Nor is inflation. As we pointed out in last Thursday’s Headlines section, gold has been faltering and recently surpassed the bear market threshold (down -20% from a high) after an early-year boom. In our view, gold’s year-to-date performance torpedoes its reputation as a hedge against almost anything. Read Full Article »