Gold and Bonds are protecting diversified portfolios that include stocks
Since the market's top in Mid-May near Dow 18,300 - Gold and Long Term Bonds (UST) have offset each other: Gold down 6%, Bonds +6%. However, the tide has turned greatly thus far in August, as Gold has gained about $60 an ounce, or 5%, Silver, up 5%, and Bonds +2%.
Thru mid-day, stocks are lower by about 3% this month. Can this rally in the precious metals continue? Stay tuned for more thoughts on that.