Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Gold Breakdown And New Secular Bear In S&P 500?

By Jordan Roy-Byrne, CMTCommoditiesSep 25, 2022 12:32AM ET
www.investing.com/analysis/gold-breakdown-and-new-secular-bear-in-sp-500-200630263
Gold Breakdown And New Secular Bear In S&P 500?
By Jordan Roy-Byrne, CMT   |  Sep 25, 2022 12:32AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
Gold
-0.21%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
Silver
+2.25%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

It was an eventful week. Gold’s technical breakdown was confirmed on Friday and this could be the start of capitulation selling that could take gold below $1600. Silver was unable to reach $21-$22 and so we cannot rule out a future test of $15.

At the same time, the S&P 500 is threatening to break below its 40-month moving average. This would be a strong indication of a new secular bear market. That is so important because that leads to a new secular bull market in gold and precious metals.

Gold Breakdown And New Secular Bear In S&P 500?
 

Related Articles

Phil Flynn
The Energy Report: Front Loading Barrels By Phil Flynn - Dec 02, 2022 1

The Biden administration previously released Strategic Petroleum Reserve (SPR) releases are coming to an end, and now the administration is running out of options and barrels to...

Petros Steriotis
Gold Faces Barrier at $1850 By Petros Steriotis - Dec 02, 2022

Gold has left behind the lowest Fibonacci resistance from the all time highs to this year’s lows. Next two relevant barriers at (give or take) $1,850 and $1,900. Original...

Gold Breakdown And New Secular Bear In S&P 500?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Mohd Izhar Muslim
Mohd Izhar Muslim Sep 26, 2022 9:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thank you for sharing the article 👍
Mr Doodl
Mr Doodl Sep 26, 2022 8:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
As long as FED is raising rates, there is no discussion about a bull market in gold.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email