YEAR-END GOLD SEASONALITY

The 'tourist is fading the pessimism

I can’t think of a trade that’s more hated than gold. It’s Julio’s-mom-spitting-on-the-ground-every-time-its-name-gets-mentioned detested. Over the past couple of weeks, I’ve even had a few gold-bulls-who-I-respect-immensely privately admit they are giving up on the trade.

Nothing sums up their frustration better than this meme: