Are Gold Stocks Getting Ready to Outshine S&P 500?

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

S&P 500 News

ARCA Gold BUGS

Stocks Analysis by Gary Tanashian covering: S&P 500, ARCA Gold BUGS. Read Gary Tanashian's latest article on Investing.com

This post was inspired by a discussion I came across on X, where a technical analyst on CNBC pointed out the inverted head and shoulders pattern forming in the

It has also been 4 years during which gold stocks have been drubbed by the headline US stock index. It is beyond the scope of this post to dredge up all the macro reasoning about why it is different this time. Again, if you read and heard me, you already know. But a constructive macro coming from the depths of this chart’s base/bottom? It’s only just getting started. Of course, there will be volatility and testing of will. But when you have the fundamentals behind you, it sure is easier to deal with that.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 snaps 8-day win streak as energy stocks slideStock Market Today: S&P 500 snaps 8-day win streak as energy stocks slide
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks rise as market comeback lifts S&P 500 to best week of 2024: Live updatesThe S&P 500 and Nasdaq Composite notched their sixth straight positive days and are poised for their best weeks in 2024.
Source: CNBC - 🏆 12. / 72 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: Economic data still key for stocksDow Jones, Nasdaq, S&P 500 weekly preview: Economic data still key for stocks
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks tumble as Dow, S&P 500 close out worst day since 2022The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. The Dow and S&P 500 closed out their worst day since September 2022.
Source: fox32news - 🏆 547. / 51 Read more »

Stock Market Today: S&P500 slumps as weaker economic data rattles stocksStock Market Today: S&P500 slumps as weaker economic data rattles stocks
Source: Investingcom - 🏆 450. / 53 Read more »