Gold Seasonals Wreaking Havoc

Keith Schneider | September 27, 2020

US equity markets mostly retreated, with the NASDAQ 100 bucking the sell off and closing +1.76% on the week. Meanwhile, Small Caps fell with Grandpa Russell (IWM) closing -4.48%, erasing much of the improvement over key US equity benchmarks. Globally stocks retreated with no exceptions. The leadership shifts we saw over the past few weeks reversed with Growth closing strong on Friday. However, one exception, was precious metals which broke down hard and remained weak

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