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RE: Im bearish on the gold price short term.
I think when stock market sentiment turns bearish, at least for some weeks, gold can regain its safe haven role. Maybe that is happening already, risk-aversion, fears can be seen also on VIX index.
@deathcross
Gold hasn't been a save haven for years because real rates have been going up. "Generally, real interest rates are negatively correlated with the price of gold, i.e. rising interest rates adversely impact the yellow metal." I do like gold but only long term and i wouldn't buy and hold it myself. Gold is nice to trade not to own imo.
Also, gold is a very good hedge against a lot of things but i think it's overrated by people who don't have experience with buying put options. Because when stocks sell off gold doesn't always go up. That's why i rather go long on stocks i like and short stocks i don't like that are overvalued like the company snapchat for example. That way you can reduce your portfolio beta and drawdowns even more than you would with buying gold or miner stocks.