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Bob Elliott: Gold selling pace now double post-covid worst in dollar terms
Gold has recently been sold at a pace twice as severe as the worst period following the covid pandemic in dollar terms, according to Bob Elliott. He suggests it is difficult to envision the situation worsening further in the near term, but cautions that if it does deteriorate, the consequences could be far more significant for bonds and stocks.
Elliott highlights the dramatic increase in gold sales, emphasizing the potential risks to broader financial markets if this trend continues.
Elliott has previously raised concerns about low gold exposure in long-term savings portfolios, urging investors to reconsider allocations in a recent analysis. In a separate note, he commented that markets already price in high expectations for Iran-linked TACO events, stressing the need to be aware of existing market positions ahead of geopolitical developments. His recent remarks on outsized gold sales follow these earlier observations on portfolio risks and market pricing.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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