Yahoo/Brian Evans/11-1-2022
“Deutsche Bank analysts also noted that such a losing streak hasn’t been seen in the half century that followed the US coming off the gold standard, ending the Bretton Woods currency exchange regime.”
USAGOLD note: This report made the rounds on mainstream media, but the data, in this case, could be misleading in terms of forming a lasting conclusion. The seven-month stretch of monthly losses might be the longest in duration since 1869 in terms of duration, but it certainly is not in terms of depth – about 16.25% since March. Though gold owners might be a bit perturbed about the metal’s stubborn refusal to budge, we should keep in mind that it has held its own against most other assets traded on a global basis over the testy past seven months. In some cases, like US Treasuries (down 26.6%) and the NASDAQ (down 23.7%), it has outperformed by a wide margin. In short, Deutsche Bank’s finding is one of those that does not add up to much in the larger scheme of things.
