Precious Metals
This Ratio Chart Says Gold To Outperform Stocks For Years
It’s been a decade since Gold outperformed the stock market on a steady basis. 2018-2019 was strong, but precious metals couldn’t keep the momentum…
It’s been a decade since Gold outperformed the stock market on a steady basis.
2018-2019 was strong, but precious metals couldn’t keep the momentum going.
Today’s chart looks at the Gold’s relative performance based on its ratio to the Dow Jones Industrial Average.
As you can see, Gold has been in a bit of a rut since peaking over a decade ago.
HOWEVER, Gold’s outperformance this year has it breaking out above downtrend resistance within a triangle pattern.
This potential breakout in the Gold/Dow ratio is sending a positive message to Gold bulls. Will gold outperform stocks for years to come? Stay tuned!!
Gold / Dow Jones Industrials Ratio Price Chart
Note that KimbleCharting is offering a 2 week Free trial to See It Market readers. Just send me an email to [email protected] for details to get set up.
Twitter: @KimbleCharting
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
The post This Ratio Chart Says Gold To Outperform Stocks For Years appeared first on See It Market.
Canadian Silver Co. Will See Big Changes in 2024
Source: Michael Ballanger 12/22/2023
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the market and shares on stock…
EGR options out Urban Berry project in Quebec to Harvest Gold – Richard Mills
2023.12.23
EGR Exploration Ltd. (TSXV: EGR) has moved from owner to shareholder at its Urban Berry project in Quebec, this week announcing it is optioning…
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
A weird week of macro data – strong jobless claims but…
