{"id":61734,"date":"2025-05-21T08:10:41","date_gmt":"2025-05-21T08:10:41","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=61734"},"modified":"2025-05-21T08:36:30","modified_gmt":"2025-05-21T08:36:30","slug":"gold-rallies-as-the-dollar-weakens-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/","title":{"rendered":"Gold rallies as the dollar weakens"},"content":{"rendered":"<h4>Summary<\/h4>\n<ul>\n<li>The S&amp;P 500 is consolidating below 6000, and financial market liquidity is improving<\/li>\n<li>However,\u00a0US stocks are underperforming their global counterparts<\/li>\n<li>Gold rallies as LT Treasury yields rise and the dollar weakens<\/li>\n<\/ul>\n<hr \/>\n<p>The S&amp;P 500 is consolidating between 5800, its former primary support level, and 6000 on the weekly chart below. Breakout to a new high would signal a return to bull market conditions, but we expect strong resistance between 6000 and 6100.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500\" width=\"525\" height=\"404\" \/><\/p>\n<p>The Dow Jones Industrial Average has similarly recovered above former primary support at 42K, but does not yet signal a reversal to a primary uptrend.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-dow.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Industrial Average\" width=\"525\" height=\"404\" \/><\/p>\n<p>US stocks continue to underperform their global counterparts, with the broad DJ US Index (DJUS) lagging the Dow Global ex-US ($W2DOW).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-djus-w2.png?resize=525%2C404&#038;ssl=1\" alt=\"DJ US Index ($DJUS) &amp; DJ World ex-US ($W2DOW)\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Financial Markets<\/h2>\n<p>Bitcoin reached a new high at 107K, signaling strong risk appetite in financial markets.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-btc.png?resize=525%2C270&#038;ssl=1\" alt=\"Bitcoin (BTC)\" width=\"525\" height=\"270\" \/><\/p>\n<p>A sharp fall in high-yield (junk) corporate bond yields signals improving credit availability in financial markets.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-hy.png?resize=525%2C372&#038;ssl=1\" alt=\"Junk Bond Spreads\" width=\"525\" height=\"372\" \/><\/p>\n<h2>Treasury Markets<\/h2>\n<p>10-Year Treasury yields are retracing to test new support at 4.5%. Respect will likely confirm our target of 5.0%.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-tnx.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Economy<\/h2>\n<p>The Conference Board&#8217;s leading economic index plunged sharply to 99.4% in April, the 1.0% drop following a 0.8% fall in March. The LEI is blue on the chart below.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-lei.png?resize=525%2C309&#038;ssl=1\" alt=\"Conference Board Leading Economic Index\" width=\"525\" height=\"309\" \/><\/p>\n<p>Widespread weakness across the LEI&#8217;s ten components warns of a broad slowing of the economy.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-lei-components.png?resize=525%2C344&#038;ssl=1\" alt=\"Conference Board Leading Economic Index - Components\" width=\"525\" height=\"344\" \/><\/p>\n<p>The LEI below 100 warns of a recession ahead (black line below), but six-month growth in the LEI (blue below) has not quite reached -4.1%, which would trigger a recession signal (red).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-lei-warning.png?resize=525%2C347&#038;ssl=1\" alt=\"Conference Board Leading Economic Index - Recession Signals\" width=\"525\" height=\"347\" \/><\/p>\n<h2>Dollar &amp; Gold<\/h2>\n<p>The Dollar Index is retracing to test the band of support between 98 and 100. Breach of support would signal long-term dollar weakness, offering a target of 90.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-dxy.png?resize=525%2C404&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>Gold found support at 3200 and, after breaking above 3250, is headed for a test of resistance between 3400 and 3500. Our long-term target is 4000 by the end of 2025.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-gold.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Gold\" width=\"525\" height=\"404\" \/><\/p>\n<p>Silver is testing resistance at 34. Breakout would offer a target of 39.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-silver.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Silver\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>The S&amp;P 500 is rallying as financial market liquidity improves, but we expect strong resistance between 6000 and 6100. US stocks continue to underperform their global counterparts, while the Conference Board&#8217;s leading economic index warns that the US economy is headed for recession.<\/p>\n<p>10-year Treasury yields are rising, and respect of support at 4.5% would offer a target of 5.0%, another bear signal for stocks. The dollar is weakening, reflecting international capital outflows from US financial markets. A breakout of the Dollar Index below long-term support at 100 would warn of another decline, with a target of 90.<\/p>\n<p>Gold is rising as the dollar weakens, and we expect another test of resistance between 3400 and 3500. Breakout would signal a fresh advance towards our long-term target of 4000 by the end of 2025.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>CoinDesk: <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\">Bitcoin<\/a><\/li>\n<li>The Conference Board: <a href=\"https:\/\/www.conference-board.org\/topics\/us-leading-indicators\">Leading Economic Index<\/a><\/li>\n<li>Federal Reserve of St Louis: <a href=\" https:\/\/fred.stlouisfed.org\/\">FRED Data<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Summary The S&amp;P 500 is consolidating below 6000, and financial market liquidity is improving However,\u00a0US stocks are underperforming their global counterparts Gold rallies as LT Treasury yields rise and the dollar weakens The S&amp;P 500 is consolidating between 5800, its former primary support level, and 6000 on the weekly chart below. Breakout to a new &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold rallies as the dollar weakens&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,6,9,34,35],"tags":[69,5056,5858,6865,6864,1073,1113,6472,3010,3204,3206],"class_list":["post-61734","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-fixed-income","category-gold-precious-metals","category-us-canada-countries-regions","category-us-dollar-index","tag-10-year-treasury-yield","tag-bitcoin-btc","tag-conference-board-leading-economic-index","tag-dj-global-index-ex-us-w2dow","tag-dj-us-index-djus","tag-dollar-index","tag-dow-jones-industrial-average","tag-high-yield-corporate-bond-spreads","tag-sp-500","tag-spot-gold","tag-spot-silver"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold rallies as the dollar weakens - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold rallies as the dollar weakens - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Summary The S&amp;P 500 is consolidating below 6000, and financial market liquidity is improving However,\u00a0US stocks are underperforming their global counterparts Gold rallies as LT Treasury yields rise and the dollar weakens The S&amp;P 500 is consolidating between 5800, its former primary support level, and 6000 on the weekly chart below. 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Breakout to a new &hellip; Continue reading \"Gold rallies as the dollar weakens\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2025-05-21T08:10:41+00:00","article_modified_time":"2025-05-21T08:36:30+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"Gold rallies as the dollar weakens","datePublished":"2025-05-21T08:10:41+00:00","dateModified":"2025-05-21T08:36:30+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/"},"wordCount":453,"commentCount":2,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png","keywords":["10-Year Treasury Yield","Bitcoin (BTC)","Conference Board Leading Economic Index","DJ Global Index ex-US (W2DOW)","DJ US Index (DJUS)","Dollar Index","Dow Jones Industrial Average","High-Yield Corporate Bond Spreads","S&amp;P 500","Spot Gold","Spot Silver"],"articleSection":["Banks &amp; Interest Rates","Fixed Income","Gold &amp; Precious Metals","US &amp; Canada","US Dollar Index"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/","name":"Gold rallies as the dollar weakens - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png","datePublished":"2025-05-21T08:10:41+00:00","dateModified":"2025-05-21T08:36:30+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Gold rallies as the dollar weakens"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454","name":"Colin Twiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","caption":"Colin Twiggs"},"description":"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-g3I","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":62171,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/22\/sp-500-weakens-and-gold-rallies\/","url_meta":{"origin":61734,"position":0},"title":"S&#038;P 500 weakens and gold rallies","author":"Colin Twiggs","date":"July 22, 2025","format":false,"excerpt":"Key Points The S&P 500 closed above 6300 for the first time, supported by strong liquidity But declining Trend Index peaks warn of a retracement Consumer Confidence remains weak, and the Conference Board Leading Economic Index signals a recession Gold and silver rallied as the dollar weakened The S&P 500\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-21-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-21-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-21-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":42731,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/06\/24\/gold-crude-and-the-dollar\/","url_meta":{"origin":61734,"position":1},"title":"Gold, Crude and the Dollar","author":"Colin Twiggs","date":"June 24, 2023","format":false,"excerpt":"The S&P 500 continues to retrace to test the band of support between 4200 and 4300. Respect would signal a fresh advance but the odds of breach appear higher than they would normally in a breakout. The equal-weighted S&P 500 respected resistance at 6000 and is now retreating. Expect strong\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-23-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-23-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-23-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63599,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/11\/can-the-dow-hold-above-50000\/","url_meta":{"origin":61734,"position":2},"title":"Can the Dow Hold Above 50,000?","author":"Colin Twiggs","date":"February 11, 2026","format":false,"excerpt":"Key Points The Dow Jones Industrial Average reached a new high above 50,000, but the Roundhill Magnificent 7 ETF (MAGS) is testing primary support. Bitcoin plunged to below 70,000, warning that markets are shedding risk. Gold recovered above $5,000 per ounce amid growing investor demand for a safe haven. The\u2026","rel":"","context":"In &quot;Cryptocurrency&quot;","block_context":{"text":"Cryptocurrency","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/cryptocurrency\/"},"img":{"alt_text":"Dow Jones Industrial Average","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-10-dow.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-10-dow.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-10-dow.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":41209,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/03\/11\/banks-fall-gold-rallies-bonds-tremble\/","url_meta":{"origin":61734,"position":3},"title":"Banks fall, Gold rallies, Bonds tremble","author":"Colin Twiggs","date":"March 11, 2023","format":false,"excerpt":"The S&P 500 retreated from the band of resistance between 4100 and 4300, signaling another test of primary support at 3600. Breach of primary support would offer a target of 3000. Banks led the fall, with the S&P 500 Banks Index ($SBIX) plunging to test primary support between 290 and\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-10-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-10-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-10-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62072,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/06\/27\/sp-500-breakout-but-no-buy-signal\/","url_meta":{"origin":61734,"position":4},"title":"S&#038;P 500 breakout but no buy signal","author":"Colin Twiggs","date":"June 27, 2025","format":false,"excerpt":"Summary The S&P 500 and Nasdaq reached new highs, but the Dow has not yet confirmed the breakout Liquidity is strong, and long-term Treasury yields are softening But the Conference Board Leading Economic Index warns of a recession The dollar keeps falling, and demand for gold remains strong, flagging high\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-26-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-26-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-26-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62177,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/24\/stocks-rally-on-japan-trade-deal\/","url_meta":{"origin":61734,"position":5},"title":"Japan trade deal boosts prospects for a bull market","author":"Colin Twiggs","date":"July 24, 2025","format":false,"excerpt":"Key Points Donald Trump's announcement of a trade deal with Japan boosted stocks Stocks are supported by strong financial market liquidity But a weakening dollar is boosting demand for gold and silver Announcement of a US trade deal with Japan soothed market concerns over tariff turmoil. The surprise is that\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-23-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-23-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-23-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=61734"}],"version-history":[{"count":4,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61734\/revisions"}],"predecessor-version":[{"id":61741,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61734\/revisions\/61741"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=61734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=61734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=61734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}