Gold stocks outperform Gold but not stocks
India, March 19 -- Byrne CMT MFTAIn recent weeks we noted the bullish outlook for the stock market. Friday the S P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly as US and global equities have avoided a bear market (for the time being) precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S P 500 and global equities (ACWX) held their 200-day moving averages and then made a higher high.S P 500 Global Equities GoldThe very recent underperformance in Gold and precious metals is better illustrated in the ratio charts below.Gold against stocks made a very strong move in the fourth quarter but instead of digesting or consolidating that move ...
To read the full article or to get the complete feed from this publication, please
Contact Us.