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Gold is a special asset that behaves differently to equities, bonds, commodities, and cryptocurrencies, making it a perfect diversifier to a portfolio.
As we look back at our best and worst calls of 2022, it’s clear that we got more correct than not. However, I wish we were more emphatic about some of them.
Oil looked poised to break out today but could not clear the trendline. At least for now, oil bulls will have to wait and see if the market can gather enough momentum tomorrow to finally push through.