The Daily Gold, Released on 1/30/24

For the fourth time in the last 10 years, the stock market broke to a new all-time high after consolidating for a few years or crashing as it did during Covid. Two of the previous three instances marked significant peaks for precious metals. The other in 2019, came after precious metals corrected for three years and right as the Federal Reserve cut rates for the first time in a while. As long as the Fed cuts rates over the coming months, we could see a repeat of 2019.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.