Gold is crashing.
What to do?
Buy.
But probably not just yet.
Remember Sell in May?
This May effect is a rebalancing of giant portfolios that kicks off around this time.
For the last year it has been roughly the same trade. Out of equities.
These massive rebalancing still happen but the story is different.
The money is going into equities not out.
Money is also going out of gold.
So Gold is the new stock.
The last years tell us to let the crash pass than buy.
The price then rises