Gold just had its best quarter in nearly three decades. The precious metal rose 16% during the January through March period nearly doubling the return from long bonds and absolutely crushing the returns of equities and corporate bonds, even after their ‘miraculous’ comeback. I don’t even need to mention how it well it did versus other commodities like oil.
According to Bloomberg, “Absolutely no one saw this coming.”
LOL…
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Future Market Returns = Dividend Yield + Earnings Growth +/- Change In P/E Ratio
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