Best Indicator for Gold Turning Bullish for First Time in 25 Years
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It's Monday so it's time for Macro Mondays, and this is one of the most significant developments for golden precious metals in a really long time because the number one indicator for gold in the rest of precious metals is turning bullish for the first time in almost 25 years. That is gold breaking out against the stock market, or the stock market breaking down against gold, and at the same time, gold against the 60/40 portfolio that is on its way to breaking out and accelerating out of a 10-year base.
This is the first time in nearly a quarter century and this has only happened three other times in the last century, so this is extremely significant.
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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.
