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Tom McClellan questions why gold does not receive more attention for predicting the recent increase in yields nearly 21 months in advance.
He suggests that the precious metal provided an early signal well before the current market movement.
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McClellan has previously noted that buying opportunities in the S&P 500 are stronger when analyst earnings outlooks are pessimistic. In a separate commentary, he observed that U.S. consumers have shifted their spending from food to other goods. His recent focus on gold continues his pattern of identifying early signals in market behavior.