A lot of written commentaries elude to the safety of the U.S. dollar, and by extension U.S. longs bonds and other equity bond proxies such as utility stocks. These commentaries often portray gold as a risky investment. Please do not accept these assertions without question. Safe haven is a relative term. If the U.S. dollar, U.S. Long Bonds, and utility stocks were truly a safe during the worst financial crisis since the second Great Depression, they all would be superior performance to gold, the ultimate safe-haven currency, since onset of the third Great in 2000. This is simply not the case.
It reminds me of quote from the
Matrix, 1998 where Morpheus says to Neo,
I can only show you the door. You're the one that has to walk through it.
As long as spin remains unquestioned, in essence never walking through the door, no amount of charts and observations will reveal the trends.
Gold, London P.M. Fixed:
Long-Term U.S. Government Bonds Total Return Index (LTGBTRI) to Gold Ratio:
Dow Jones Utility Average (DJUA) to Gold Ratio:
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