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Near-term Downside Risk to Gold Prices Surfaces (1/18/24)

Near-term Downside Risk to Gold Prices Surfaces (1/18/24)

FromThe Real Investment Show Podcast


Near-term Downside Risk to Gold Prices Surfaces (1/18/24)

FromThe Real Investment Show Podcast

ratings:
Length:
5 minutes
Released:
Jan 18, 2024
Format:
Podcast episode

Description

(1/18/24) Market breadth has been good, so far this year; the number of stocks above their 50- and 200-DMA is still healthy, but declining. While markets did take out the 20-DMA yesterday, it's not hugely negative. We'll see if markets can rally back above the 20-DMA and negate the break. If we don't, the next test will be at the 50-DMA. Optimism is still good, positioning is still strong, and breadth is still decent. The Volatility Index has seen a pick up over the last few days. Put Option activity has increase, too, as investors begin to add on some additional protection. Bitcoin and its ETF's continues to be interesting; just not enough data yet to chart, however. Gold continues to grind sideways, not doing a lot. There is some near-term downside risk to Gold prices. Interest rates are moving back up after being very over sold; actually a healthy correction in interest rates. A decent point to add exposure is coming, likely around the 4.15 - 4.19% range on Ten-year Treasuries. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton --------  Register for our 2024 Economic Summit: Navigating Markets in a Presidential Cycle:  https://www.eventbrite.com/e/ria-advisors-economic-summit-tickets-703288784687?aff=oddtdtcreator -------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=nTMOz5XHM10&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Bitcoin #Gold #Bonds #Treasuries #Risk #InterestRates #Markets #Money #Investing 
Released:
Jan 18, 2024
Format:
Podcast episode

Titles in the series (100)

It's a show about life, markets, sweat-equity, and the pursuit of wealth in a capitalist market.