PEXL - An Update On The 'Investment Seesaw'
2024-03-26 07:05:00 ET
Summary
- We consider gold bullion and the S&P500 Index to be effectively at opposite ends of an investment seesaw.
- In the middle of last year, we thought that the low-$3000s for the US$ gold price was a plausible target for the first half of this year.
- While it is not out of the question that this target will be reached during the first half of this year, this is no longer a likely scenario because the SPX has performed much better than we thought it would.
Editor's note: Originally published at tsi-blog.com on Mar 26, 2024
[This blog post is an excerpt from a recent commentary at speculative-investor.com ] ...
An Update On The 'Investment Seesaw'