Gold has been the single best performer of 2016, consistently outperforming, especially on big down days. Off the worse than expected jobs report, gold is rallying hard, higher by 2.6%, based on the assumption that the Fed cannot hike rates during a period of economic uncertainty.
The multiplier effect is working by a factor of 3x today, with gold shares skyrocketing by 8.65%.
Year to date, gold is only up 17% or so, but the median return for the gold sector is +141%. That’s one hell of a multiplier.
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