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Gold, Silver Breakdown Vs. Stock Market: What Does it Indicate?

Published 02/08/2024, 11:18 PM

We detail the current breakdown of precious metals against the stock market. Gold, Silver and gold stocks are breaking down to multi-year and in some cases multi-decade lows relative to the stock market.

This also occurred in the late 1990s and 1960s before the start of those secular bull markets in precious metals.

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My big worry about gold and miners are massive margin calls because of mag 7 and IA stock being over leveraged. A good size down turn and investors will liquidate gold and miners to cover. Hard to imagine this happening when miners are so depressed. We need that big breakout sooner more than later. Good luck!
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