The gold bubble.

13 mag 2016

Almost 8 years after the recession we seem to be heading into another deflationary period. During the last deflationary crisis gold went down 30%. Also note that Gold went up way more than the S&P500. Technically, it seems like a classic head and shoulders pattern is forming. Fundamentally, its use as a store of value may be challenged in the near by the crypto currencies (e.g. BTC).