TheDailyGold: Nobody is Looking at These 2 Gold Charts...

Published: Thu, 12/29/22

The Daily Gold
Jordan Roy-Byrne, CMT, MFTA


Thursday, December 29, 2022


Good Morning!

Last week I covered Gold against the stock market and Silver against the stock market for you.

Here I will show one Gold ratio nobody has ever covered and one I have seen a few people cover but is going unnoticed at the moment.

First, here is one a few people have covered.

This is Gold against the long bond price, the 30-year.

It has broken out past the 1980 and 2011 highs. This is quite significant and by the way, Gold against the 10-year price has also broken out past the 2011 peak.   

Now, here is something really interesting...

This is Gold against a fund which is essentially a 60/40 portfolio. So this is Gold against the most conventional portfolio in finance (60% stocks, 40% bonds).  

This ratio is less than 1% from a 2-year high. It still has a bit of room to move until resistance around 160. If it takes that out, look out above. 


Although we are likely in a new secular bull market for commodities, there are various points when you should favor certain commodities and avoid others. 

For example, note how Gold began its cyclical bull in the summer of 2018 well before Copper and most commodities. And then those commodities performed well into 2021 when Gold and Silver struggled.

Here is my video on two commodities to avoid in 2023.

Click Here for the Video


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It is going to be a good year for Gold and Silver.

I am very bullish as we are on the cusp of not only a new cyclical bull market but likely a fresh secular bull that will run for at least a decade.

You know this sector is going to really move after Gold takes out $2100. We still have plenty of time until that happens, but you might want to prepare yourself by subscribing.   



Thanks for reading. I wish you all great health and prosperity in 2023.


Disclaimer: This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that can cause results and outcomes to differ materially from those discussed herein.  


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