All That Glitters is Gold π The Daily Chart Report
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Todayβs Summary
Wednesday, April 16, 2025
Indices: Russell 2000 -1.03% | Dow -1.73% | S&P 500 -2.24% | Nasdaq -3.04%
Sectors: Energy was the only sector that closed higher, rising +0.82%. Tech lagged, dropping -3.47%.
Commodities: Crude Oil rose +1.86% to $62.47 per barrel. Gold had its best day in five years, rising +3.27% to a record high of $3,346 per oz.
Currencies: The US Dollar Index dropped -0.84% to a three-year low of $99.26
Crypto: Bitcoin is currently up +1.08% to $84,587. Ethereum is slightly higher by +0.15% to $1,591.
Volatility: The Volatility Index rose +8.37% to 32.63.
Interest Rates: The US 10-year Treasury yield dropped to 4.281%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by John Roque (@daChartLife).
- Gold had its best session in five years today, rising +3.3% to a record high of $3,346 per ounce. It finally cleared $2K last March and hasn't looked back since.
- John points out that Gold's relative strength is becoming increasingly hard to ignore as it reaches multi-year highs versus the S&P 500. He notes that this "4th turning" has occurred at support dating back to the 1960s.
- Since this ratio bottomed in December 2021, Gold has outperformed the S&P 500 by about +70%. If this cycle is anything like previous ones, the performance gap between Gold and Stocks could continue to widen.
The Takeaway: Gold's relative strength is becoming increasingly hard to ignore as it reaches multi-year highs versus the S&P 500. If this ratio continues to make new highs, the opportunity cost of not owning Gold will grow.
Quote of the Day
"The market cycle will once more prove to be the human-nature cycle; its economic background will have changed, but not its basic character nor the consequences of its character."
- Benjamin Graham
Top Links
A Bear Market Base - The Strazza Letter
Steve Strazza points out that Consumer Staples are breaking out versus the broader market.
Gold: The Shiny Rock is Shining - Carson Research
Ryan Detrick shares his thoughts on Gold.
High VIX, High Stakes - Alfonso's Daily Note
Alfonso de Pablos looks at what an elevated $VIX could mean for stocks.
Best & Worst Stocks to Own the Week After Easter - Schaeffer's Investment Research
Rocky White examines how the S&P 500 and its members have historically performed around Easter.
The Trend Following Moron (TFM) 10% System Explained-Avoiding The Diaper Change Moments - Dave Landry
Dave Landry outlines a trend-following system designed to avoid large drawdowns.