Some rotation into energy has been happening this year.

But I believe we see a flow back into gold faster than after the 2008 crash. That's because now long term bonds are not interesting to smart money.

Jeff Gundlach the "Bond King" who is no hater of bonds, is against long duration government bonds, and only advocates short duration bonds and gold.

So what becomes the substitute for long duration government bonds? It's gold. Nobody wants the long term currency risk.

Some rotation into energy has been happening.

But I believe we see a flow back into gold faster than after the 2008 crash. That's because now long term bonds are not interesting to smart money.

Jeff Gundlach the "Bond King" who is no hater of bonds, is against long duration government bonds, and only advocates short duration bonds and gold.

So what becomes the substitute for long duration government bonds? It's gold. Nobody wants the long term currency risk.

I believe we see a flow back into gold faster than after the 2008 crash. That's because now long term bonds are not interesting to smart money.

Jeff Gundlach the "Bond King" who is no hater of bonds, is against long duration government bonds, and only advocates short duration bonds and gold.

So what becomes the substitute for long duration government bonds? It's gold. Nobody wants the long term currency risk.