Jordan Roy-Byrne: Gold vs. S&P 500 Update
The Daily Gold, Released on 12/9/22
In this video we analyze and update the Gold against the S&P 500 ratio. The Gold to S&P 500 ratio has rebounded in recent weeks and has maintained a hold above its 400-day moving average since August even as the S&P 500 has rebounded. The next key developments to watch for are the S&P 500 to trade lower and lose its 40-month moving average near 3800 and for the Federal Reserve to officially end its rate hikes and turn towards cutting rates.
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 for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Gold vs. S&P 500 Update added by Herman James on 12/09/2022View all posts by Herman James ?+'