Gold To Shine One Way Or The Other

Gold last traded at $1,706 an ounce. Silver at $15.70 an ounce.

NEWS SUMMARY: Precious metal prices rose Tuesday on safe-haven buying and a weaker dollar. U.S. stocks traded mixed as investors evaluated the latest attempts to reopen the economy.

 SEEKING ALPHA---"Gold has put up stellar returns since 2000 thanks to the exponential growth of central bank largess....For bearish investors who think the worst is yet to come, gold historically delivered precious returns when stocks raced from peak to bottom....During the worst S&P500 drawdowns of the last century...gold clearly has proved a precious hedge during the market selloffs....The real interesting observation is that gold performed better during the recovery phase after the stocks bottomed than during the sell-off phase. This is evident when looking at the absolute returns: median gold return during the recovery phase: 73% vs. 6-12% median return during the selloff....Therefore, gold can be a good portfolio allocation for both market bulls and bears because they don't need a crystal-ball-forecast of the stock market bottom. Nobody has a crystal ball."