Mike McGlone says gold’s parabolic rise to about $5,600 an ounce in Q1 may resemble crude oil’s 2008 peak. He argues the “up-too-much” factor can drive sharp reversals in heavily autocorrelated commodities.
published
Mike McGlone says gold’s parabolic rise to about $5,600 an ounce in Q1 may resemble crude oil’s 2008 peak. He argues the “up-too-much” factor can drive sharp reversals in heavily autocorrelated commodities.
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