Gold vs SPX: Could tell us everything we need to know
Well.. if this chart doesn't get you excited than nothing well. A decision is so obviously about to me made.
Does this chart continue sideways-to-down, which would favour the SPX (general equities), or does money finally shift away from general equities and move into precious metals and commodities? This chart will tell us.
The last time the chart looked like this, it broke down in favour of the stock market. For PMs to win this round, the magic number is 50. If it sustains itself above 50, PMs are likely off to the races.
Stay Tuned!
#PreciousMetals #Markets #SPX
Does this chart continue sideways-to-down, which would favour the SPX (general equities), or does money finally shift away from general equities and move into precious metals and commodities? This chart will tell us.
The last time the chart looked like this, it broke down in favour of the stock market. For PMs to win this round, the magic number is 50. If it sustains itself above 50, PMs are likely off to the races.
Stay Tuned!
#PreciousMetals #Markets #SPX
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