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Tag: I don’t necessary see the breakout in gold as a good thing for 2024

  • Gold BREAKOUT…good or bad news? 231214

    Gold BREAKOUT…good or bad news? 231214

    This week’s Fed FOMC meeting solidified investor hopes for lower interest rates in 2024.  I’m not sure why, nothing has changed.  But…as a result, both gold and stocks are attempting to breakout.  Will this positive correlation hold?  Is it a harbinger of good or bad things to come? Below are three charts comparing gold to…