Patience6 Jun 2018 09:21
Worth bearing in mind, we are all treading water basically.
USAGOLD, Tuesday, 6-5-2018 �� Gold continued to hover in the mid-$1290s lacking any clear motivation to strike out in either direction � up or down. Gold owners might be a somewhat disappointed with their favorite precious metal being stuck in the doldrums. The angst, though, might be somewhat relieved when it sinks in that all the markets have been stuck in the doldrums for much of 2018.
The Dow Jones Industrial Average is down 2.6% on the year. Bonds have come down with a resounding thud. Commodities, which have received much attention thus far this year, have not responded in kind � up only 1.4% on the year. The dollar has been the star performer among primary assets, but even so the gains have been less than inspiring � up 2.8% on the year. Gold, as it turns out, is just one among many non-starters for 2018 with a paltry .7% gain thus far on the year.
So we should see 2018 for what it has been for most investments during its first five months � the Year of the Doldrums.