SPX500 and Gold - Interesting price action...
See callout bubbles. Equities have been on a 10-year tear upward. Starting in Sept. 2011, two years after the big 2008 crash, Gold has taken a very nice tumble, offering some very nice discounts. However, since 2016, Gold has been making a comeback while equities continue to soar. Gold is usually an asset that gets hoarded in times of uncertainty and prices begin to rise.
Even though the market looks quite strong after a 10-year uptrend, could some uncertainty about what the future may hold be entering into the market, driving Gold prices higher as the USD finds difficulty staying afloat?
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
Even though the market looks quite strong after a 10-year uptrend, could some uncertainty about what the future may hold be entering into the market, driving Gold prices higher as the USD finds difficulty staying afloat?
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
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