Does Gold imply something Bad to Come?

CNBC: "Fear about a lot of really negative news flow is probably driving people into gold, even though it's not driving people out of the equity market for now," Manhattan Venture Partners' chief economist, Max Wolff, said Friday on CNBC's "Power Lunch."

"That makes us nervous and makes us look at gold" as a potential investment, Wolff said.

The falling dollar has probably contributed a good deal to gold's rise, given that the two assets frequently move inversely. In addition, some speculate that gold's incredible drop over the past few years has dragged gold prices too far down, making the metal a bargain at the year's outset.

Still, gold appears to be telling a story about investor sentiment, at least in part. And that might be a source of concern to those who keep a close eye on investor behavior — or on recent market history.

Read More: http://www.cnbc.com/2016/05/02/golds-surge-is-making-it-feel-a-lot-like-...