Easter Holiday Update for Stocks and Gold
As the markets are closed today with the exception of bond ones, I would like to wish you Happy Easter – and if you don’t celebrate it, enjoy the extra time off, away from the markets, with your closest ones.
Here comes a brief chart update on both the S&P 500 and gold before Monday’s regular analysis.
Let‘s move right into the charts (all courtesy of www.stockcharts.com).
S&P 500 Outlook
The lower volume isn’t an issue as stocks closed the week on a strong note. The bullish price action on the heels of improving credit markets and technology-led S&P 500 upswing, has good prospects of continuation.
Precious Metals Outlook
There had been indeed something about the gold decoupling from rising Treasury yields that I had been raising for countless weeks. The rebound off Mar 08 low retest is plain out in the open, miners keep outperforming on the upside, and the precious metals sector faces prospects of gradual recovery, basing with a tendency to trade higher before the awaited Fed intervention on the long end of the curve comes – should the market force its hand mightily enough. Either way for now, given the rising inflation and inflation expectations, a retreat in nominal rates translates into a decline in real rates, which is what gold loves.
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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6 thoughts on “Easter Holiday Update for Stocks and Gold”
Thanks, I certainly could use another side of the BC bull story… unless Apple, Google follow the like of TSLA, MicroStrategy, Square. 🙂
The possibilities are many – with an overlay of these against BTC/USD, you can see clearly how well these "track"…
Happy Easter to you too!
Many thanks of appreciation for your great analysis and due diligence.
Dear Gary, thank you for your wishes and kind words – that's my obligation and pleasure to deliver. Happy Easter!
Nice, Monica. Short & sweet report. By the way, do you own Bitcoin and/or other crypto currencies, if so, which exchanges/platforms do you use? I haven't pulled the trigger yet since I keep reading very negative comments about customer service of a few major exchanges, they ignore requests to redraw funds and so on, and also there is this having to buy a wallet to keep the coins. Currently, my exposure to BC is by proxy via TSLA.
Hello dear Sandra and thank you! Do you remember Mt. Gox? Bitcoin is vulnerable to legislative fiat (private cruptocurrency on the chopping block once digital national currency is introduced – China is ahead here) – and what makes great sense now, may become as untenable as the India example shows. While TSLA isn't a perfect solution to holding BTC, it's better than going through what you describe… Happy Easter!
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