Gold's nigh high goes awry (aka when we're wrong, we're wrong!)
From "Nigh" to "Awry" indeed, as straightaway we run with this rare reprise: "Boy, Did I Get a Wrong Number!" –[Hope, Sommer, Diller; UA, '66].
Oh to be sure, we cannot imagine any more Gold positives than are already in play. Yes, the Dollar's been"firming" a bit, but you know, and we know, and everyone who's being paying attention from Bangor Maine to Honolulu and right 'round the world knows that Gold plays no currency favorites, as herein graphically exhibited ad nauseam over the years.
Either way, not to worry per this recent statement from the great multinational Royal Bank of Canada: "…On the surface, Q1 earnings season looks pretty good … S&P 500 earnings per share is on pace to decline 4.2 percent year over year, better than the consensus forecast of a 6.7 percent decline at the end of the quarter…" The Investing Age of Stoopid rolls on…
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