Im more bullish on gold than even AI stocks. If shit hits the black swan fan, hedgies could decide to dump stocks, but central banks will keep holding onto their gold
Don't get me wrong, the market is always looking forward and will likely remain in a bull market in the long term; it is literally too big to fall. But sometimes, there will be some factions that want to create a black swan event so they can profit from it. That is why it is tough to spot whenever it comes, cos they usually choose a period when the market is really confident