“These days it seems like everyone is running from gold as fast as they can. Bank of America just removed—perhaps a little late— its $2,000 price target. ‘Gold capitulation: No current technical or fundamental support for gold prices,’ Bank of America’s headline blared. ‘Even the most fierce gold bulls must be feeling sheepish after bullion tumbled its most in 30 years, raising questions about gold’s value as part of an investor portfolio,’ Reuters notes. You can almost smell the fear and loathing of the shiny metal. To some investors, however, the sound of the stampede is not a signal to run with the herd. It’s a signal to start jogging the other way.”
