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Bill Fleckenstein: Have Bond Yields Already Peaked?

Wealthion - Be Financially Resilient

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Gold's Apex

Gold was on this big rise. And it looked like it was going to go to the moon. What we didn't know at that time was that was going to be a short term top. We had seven straight down months, which hadn't happened since the 1980s. I've never seen such vicious shakeouts in both directions. On the monthly chart of gold, you can see that if gold stocks were back at their swing high, when gold was last here, the GDX, for instance, should be trading up at 45. Yet it's down here at 35. Maybe this was a little bit of euphoria in gold stocks or maybe there's been some value destroyed in the process

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