Theories, theories, useless theories. Most theories in markets, when really researched, will show very little, or no, solid facts behind them. The gold market is full of absurd theories. For years people have been promoting the “stock market crash, then gold to the moon” theory. I have debunked that one over and over, like here.
Or another brilliant theory is how gold needs low interest rates. Here is that post. Yet the dumbest theory is that gold needs falling “real interest rates” to rally. The eggheads promoting “real” interest rates are clowns. In Dec 2015, I did a post when I said both of these things – it is time to buy gold AND interest rates, on the short-end, are going to soar. Did I care about “real” interest rates? Have short-term (and now long-term) rates soared? Is gold higher? Are increasing interest rates good or bad for gold? Are bonds the most bearish market, long-term, I’ve ever seen. That post is here. You make your own choices whom you respect in this business. You love the incompetents, that is your choice.
In the video below is the discussion of how gold always bottoms late in the year. Oh really?