Gold is trending up in relation to the median of 1700 stocks
While it is going sideways vs. headline US (SPX/SPY) and global (DJW/ACWX) stocks, we have been noting in NFTRH over the last several weeks that gold is sneakily trending up vs. the median US stock as represented by the Value Line Geometric Index.
So in the headlines, it’s no dice yet. But in the larger spectrum of equities, gold is just fine (though not surprisingly on a pullback during party season). Just an FYI on a less obvious internal market view.
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