Commodities Analysis and Opinion
Indicator Suggests Gold to Outperform Stocks For Years
2023.04.13 16:38
It’s been a decade since outperformed the stock market on a steady basis.
2018-2019 was strong, but precious metals couldn’t keep the momentum going.
Today’s chart looks at gold’s relative performance based on its ratio to the .
Gold/DJI Weekly Chart
As you can see, gold has been in a bit of a rut since peaking over a decade ago.
However, gold’s outperformance this year has it breaking out above downtrend resistance within a triangle pattern.
This potential breakout in the Gold/Dow ratio is sending a positive message to Gold bulls.
Will gold outperform stocks for years to come? Stay tuned.
