Gold Bell Rings: Vanguard Throws in the Towel on Precious Metals and Mining Fund

Mish Shedlock
By Mish Shedlock of MishTalk
Investment Advisor Representative - Sitka Pacific Capital Management •

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.

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.


 

 

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.

Disclosure:

None.

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