One of the most misunderstood trades in the world of “macro” investing is undoubtedly the gold market. We see it all the time – the media and public “experts” tell us what is driving the price of gold on any given day. It’s the US Dollar, it’s a constitutional crisis, it’s growth expectations, it’s even geopolitical tensions with overseas foes. Without a doubt, the rise and fall of gold has been attributed to every single one of these factors at one point or another.
But there i