I think the tide for gold may be turning (bullish). There seems...

I think the tide for gold may be turning (bullish).

There seems to be a lot of cracks opening up in the global economy.

Junk bonds yields are spiking in the US making a Fed rate hike problematic...

The Russian Ruble and Brazilian Real are plunging...

Volatility of many global stock markets are increasing...

And the price of gold has bounced back quite aggressively since its July falls.

I think financial asset valuations (be it stocks or bonds) in most markets are very stretched and there isn't a lot of scope for any hiccups and if there are hiccups, be it an emerging market crisis on the back of a fed rate increase...

I think things have the potential to get very disorderly very quickly, and I think the markets around the world are beginning to sense this.

I think MML makes for VERY compelling buying at these levels, but I'm not sure if it would hold up much better than the rest of the market if things were to get disorderly. So might want to keep some powder dry and accumulate slowly from these levels.