More bad news for gold
Today's Breakfast with Benjamin: If rates rise, gold won't. Plus: Warren Buffett's $1B tease, a new twist on stock valuations, bitcoin marches on, another solar energy push and, what's good about hoping for a flat market.
It is more bad news for gold bugs. The historical relationship between gold and interest rates suggests that if Treasury yields hit 4%, gold could fall to $831 an ounce. A 5% yield equates to $471 an ounce. Current ratio says gold is overvalued
Instead of just focusing on price divided by earnings,
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