Regardless of whether the stock market’s Goldilocks flavored rally continues on to test or even marginally exceed the 2021 high, the negative signal by Copper/Gold is intact and waiting.
Gold has been in a giant trading range since mid-2020. When the breakout happens, it will take most investors by surprise, which is what you expect when a major breakout occurs.
Gold jewelers made brisk sales in India on the Diwali weekend with consumers’ interest riding on a recent drop in prices. This week gold headed for its first weekly gain in three.
...once the Federal Reserve realizes it can’t raise interest rates any more without breaking the Treasury, causing the US dollar to slide, the prices of gold, silver, and copper are all but guaranteed to go up.
