Let’s attribute gold and silver’s give-back at the open to a bit of profit-taking, copper’s flatness to ambiguity, oil’s upness to a classic bear market rally (I know, politics, reopening economies, inventories, production cuts, yada yada yada), ag commodities to ambiguity and the 10-yr treasury to ambiguity.
Oh, but what about stocks? Well.... we can attribute stocks at present levels to the belief (among a certain market-moving cohort)
And you want to talk about why we own gold and are hedging client portfolios with options???
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