Video: Secular Trend in Gold & Stock Market Not Changed Yet
Historically, the 40-month moving average has been an excellent indicator of the secular trend in the stock market. Until the S&P 500 loses that support, it remains in a secular bull market, which means Gold and more so precious metals remain in a secular bear market.
In recent months the S&P 500 held above the 40-month moving average multiple times while Gold failed to breakout again.
