The Long Gold Trade Still Has A Lot Of Positive Structural Things Going For It

Gold alone at the top

Gold, the only asset class with a Sharpe of >2 YTD. NASDAQ? A paltry 0.4 and does not even make it to the list. However, current gold rally barely registers when compared to the largest degree of spot up/vol up moves in gold historically. The long gold trade still has a lot of positive structural things going for it.