Gold relative to The S&P 500 Index

As the ongoing global financial markets continue to sell off, we can see, in the bottom panel of the stockchart below, that the relative strength of gold ETF (GLD) is way stronger than the S&P 500 Index ETF (SPY), over a 63 trading day average. On an absolute basis, gold is down Month over Month, but today it is beginning to rally. Next, we’ll look for higher weekly closing highs.

Gold (GLD) relative to The S&P 500 Index (SPY)

Published by Trendanomics

Trend investing the markets with simple trend following strategies.

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