Gold GC00 has topped $5,000 an ounce. Now what? Because at $5,000, the story stops being about a higher gold price and starts being about what markets are hedging against. I wrote in mid-November that gold prices above $4,000 will open the door to $5,000. But with gold now at that milestone, investors need to consider a different issue: not the price at which gold trades — but the price at which it's being held. ...

Core Insights - The article discusses the current market conditions where new highs are being reached, yet some investors are expressing concerns and losing confidence in the market [1] Group 1: Market Performance - The market is experiencing new highs, indicating a strong performance overall [1] - Despite the positive market trends, there is a noticeable sentiment shift among certain investors who are becoming increasingly skeptical [1] Group 2: Investor Sentiment - Some investors are feeling anxious about the sustainability of the market rally, leading to a loss of faith in continued growth [1] - The article suggests that this sentiment could be influenced by various factors, including economic indicators and geopolitical events [1] Group 3: Recommendations - To alleviate fears, the article proposes strategies for investors to consider, such as diversifying their portfolios and focusing on long-term investment goals [1] - It emphasizes the importance of maintaining a balanced perspective amidst market fluctuations [1]