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Gold Bell Rings: Vanguard Throws In The Towel On ‘Precious Metals & Mining Fund’

Courtesy of Mike Shedlock, MishTalk

Vanguard just threw in the towel on a Metals and Mining Fund. It morphs into a Global Capital Cycles Fund.

Sentiment is not a timing mechanism, but gold bearishness is mounting in a market that has gone sideways for years.

Vanguard couldn't take it any more.

 

 

AFTER the huge 30%, 6 month climb in gold (160% up for gold stocks) in the summer of 2016, Schwab sent to its customers a "Guide to Investing In Gold." It was the death knell for the rally. Haven't been able to break through that top since. Maybe now we have the sign (Vanguard).

 

This may not be "the bell" but it is a bell. Despite the recent declines, many miners are up tremendously off the lows.

Newmont

Hey, let's throw in the towel and buy something that trending. Maybe we should short gold. Facebook sure looked attractive last week.


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