I stopped following Mr. Denninger many months ago as I came to think that his chronic attacks on gold were doing a disservice to anyone reading him. Today, someone mentioned Denninger in an email so I checked out his blog and up comes this post:
The Correlations Are Failing
He mentions gold in a passing way with no bared teeth or hint of hatred. The context is that people 'should' be buying treasuries on a big down morning in the markets, but instead are buying gold. Overall, the post is pretty good and vintage Denninger, but I thought the gold thing was notable.
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