GOLD BREAKOUT ON FOUR RARE THINGS SHOULD CONCERN STOCK MARKET INVESTORS $AAPL $AMD $AMZN $ENPH $FB $GLD $GOOG $INTC $MU $NVDA $SEDG $SEDG $TSLA
Momentum investors, who are relentlessly pushing up stocks, are oblivious to the breakout in gold amid a relatively rare event. Because of that, prudent investors should pay attention.
Let’s explore the issue with the help of a chart.
Chart
Please click here for an annotated chart of SPDR Gold Shares GLD, a gold exchange traded fund.
Note the following:
• The chart shows the previous resistance line, which has now become the support line.
• The chart shows a technical breakout in gold. This is a positive for gold but negative for stocks.
• The chart shows the breakout occurred after two shallow pullbacks.… Please click here or the title below to read more.
February 20, 2020