No flight to safety value anymore in dead golds and silvers
in fact, typically, it requires a rising Dow or Nasdaq, such as occurs today, in order to lift the dead golds and silvers to any degree--- and whenever the Dow or Nasdaq dive sharply, the dead golds and silvers dive with them lol
that proves that all dead golds and silvers have lost their historical role as a "flight to safety" sector, and proves there is no rationale to own them any longer lol
experts fully understand this new reality about the very sick gold and silver sector, even as small investors fail to recognize the obvious, again lol
I agree, people are flocking to these current currencies, as gold is dead: India, Russia, Ukraine, Turkey, and Argentina
Isn't it strange that the Fed's hand has the opposite effect on "emerging market economies", resulting in currency debasement and rampant inflation! Wow, weird! Looks like the only safe place is bitcoin, and of course, US Stocks, the mother's milk of manufactured all-time high profits!
Stronger dollar and rates that a higher versus global alternatives means investors yank funds from emerging markets or even yen bonds or bunds and buy treasuries.
The rest of your manufactured peak profit story is typical gold bug denial. So Boeing really didn't sell all those Dreamliners, apple didn't sell those iPhones. Just imaginary? USA just a bunch of lay abouts. BMW really isn't going to build an engine plant here.