THE "GOLD-IS-THE-EASIEST-TRADE-IN-A-LONG-TIME" TOP

And explaining the two reasons why gold had such a crappy second half of 2020

Do you remember last summer? At the time, investors were falling over themselves bullish gold. And even though I was no exception, I did preach caution when the optimism reached a fevered pitch from Buffett’s announcement that he had bought some Barrick Gold. From my August 16th, 2020 piece titled “FADING WARREN BUFFETT”:

The market loves to do what p…