Given the post-crisis record pace of growth in the Federal Reserve's balance sheet (aka money-printing) it is perhaps surprising that year-to-date, Gold has underperformed its cross-asset-class peers. But considering the 2-and-20 that is flushed away by "sophisticated" investors year after year, the dismal performance of the average hedge fund remains a symbol of the only thing that has worked this year: buy-every-dip, dash-for-trash, always sell vol, and never (ever) sell...
Year-to-date performance...
[4]
Sustainable?
Chart: Goldman Sachs