What Happens to Gold & Silver When Stock Market Breaks Out?
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For the fourth time in the last 10 years, the stock market broke to a new all-time high after consolidating for a few years or crashing as it did during Covid.
Two of the previous three instances marked significant peaks for precious metals. The other in 2019, came after precious metals corrected for three years and right as the Federal Reserve cut rates for the first time in a while.
As long as the Fed cuts rates over the coming months, we could see a repeat of 2019.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
