8-26-24 Why is Everyone Long on Gold?

The Real Investment Show Podcast

Markets are looking to push to all-time highs, and breadth has improved markedly; the ten-day rate of change has been extremely strong. We've had ten-times more stocks advancing on Friday than were declining. So market bullishness is the trend for now, with concerns and fears of a decline fading into the background. For now. The market is pricing in a zero-percent chance of a recession, but is also rapidly reaching over-bought conditions. The market needs a break at this point, which will give opportunity to add exposure. Gold has had a very nice run, seeming to stagnate somewhat, while maintaining a bullish trend. However, a monthly chart of Gold performance would indicate peaks in prices corresponding with over bought markets typically precede corrections (remember, Gold prices are driven by commodity traders on the NYMEX). Gold traders are extremely long in the speculative positions in Gold, currently. Our advice here is to remember to take profits and rebalance your positions at this point. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=AKdsebkKe-o&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- 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/ #BullishTrend #MarketCorrection #MarketRally #GoldCommodity #NYMEXTraders #AllTimeHigh #20DMA #100DMA #MarketBullishness #MarketCorrection #Recession #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing