Big market movies demand an explanation, relevant or otherwise. Two weeks ago my co-authors and I published a paper on the price of gold relative to its long history the timing could not have been better.

Gold promptly went onto one of its worst one day declines in the past seven years. Was this a coincidence? Yes. Is it also a fun anecdote? Yes, as well.

Last week on SSRN our paper had the second most downloads, first if you take into account only finance-related stuff.  So you can say that interest in anything gold-related is pretty high.

As with big market moves, gold or otherwise, there is no shortage of explanations for what is going on. As you can guess with anything gold-related there has been a range of reactions and hot take headlines. We recommend you download the paper and read the whole thing for yourself. Otherwise you can check out some of the pieces citing the paper below:*

Now might not be the best time to buy gold (Larry Swedroe)

Gold is a foolish place to put your money right now if you check the facts (Mark Hulbert)

What’s driving the price of gold?  (Michael Batnick)

What’s driving the new gold rush? (Fortune)

How the 2020 gold rush smashed through records (FT)

Gold may disappoint long-term (The Irish Times)

The next bubble: passive investing in ETFs (CNN)

Liking gold’s ascent? Just wait for the plunge, study warns (CIO)

Gold is tricky to invest in current based on the facts (Cryptovibes)

ETF boom fuels gold’s sharp rise.  (WSJ)

Does gold do what it is supposed to do?  (Alpha Architect)

How long can the gold rally last?  (Forbes)

Investors hoard gold, Bitcoin and whiskey to soothe inflation fear (Bloomberg)

*Will add more items as they become available.

More Posts This Week

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.