Monday, February 6, 2017

Gold is `tell' for market volatility to BofA Merrill

“Gold is the ‘tell’” for the next round of financial-market volatility, according to Michael Hartnett, chief investment strategist at Bank of America Corp.’s Merrill Lynch unit. The metal’s price climbed 8 percent from last year’s second-half low, set Dec. 22, through last week. Rising gold prices combined with higher bond yields to foreshadow stock-market slumps in the late 1960s and 1973-1974, as well as the 1987 crash, Hartnett wrote in a report Thursday.

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