Indicator Suggests Gold to Outperform Stocks For Years
Chris Kimble | Apr 13, 2023 03:56PM ET
It’s been a decade since gold outperformed the stock market on a steady basis.
2018-2019 was strong, but precious metals couldn’t keep the momentum going.
Today’s chart looks at gold’s relative performance based on its ratio to the Dow Jones Industrial Average.
As you can see, gold has been in a bit of a rut since peaking over a decade ago.
However, gold’s outperformance this year has it breaking out above downtrend resistance within a triangle pattern.
This potential breakout in the Gold/Dow ratio is sending a positive message to Gold bulls.
Will gold outperform stocks for years to come? Stay tuned.
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