{"id":64224,"date":"2026-04-23T10:11:36","date_gmt":"2026-04-23T10:11:36","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=64224"},"modified":"2026-04-29T01:31:46","modified_gmt":"2026-04-29T01:31:46","slug":"rising-crude-is-bearish-for-gold","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/23\/rising-crude-is-bearish-for-gold\/","title":{"rendered":"Rising Crude is Bearish for Gold"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Brent crude futures (June&#8217;26) rose to $103.68 per barrel.<\/li>\n<li>The S&amp;P 500 reached a new high. However, the bull signal has not been confirmed by the Dow and the S&amp;P 1500 Transportation Index.<\/li>\n<li>The Fed has injected $170 billion of liquidity into financial markets since December 2025.<\/li>\n<li>10-year Treasury yields found support at 4.25%, while gold is headed for another test of support at $4,500 per ounce.<\/li>\n<\/ul>\n<hr \/>\n<p>Brent crude futures (June&#8217;26) broke resistance at $100 per barrel and are now testing $104.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-22-brent.png?resize=525%2C306&#038;ssl=1\" alt=\"Brent Crude Futures (ICE June'26)\" width=\"525\" height=\"306\" \/><br \/>\n<i>[Content protected for Premium, Australian Growth, International Growth, Market Analysis members only]<\/i><\/p>\n&#8230;.. If you are already a subscriber, please login to continue reading:<\/p>\n<div style=\"width:400px;max-width:90%;margin:auto;\"><div class=\"WishListMember_LoginMergeCode\"><div class=\"wlm-ajax-login\"><div class=\"wlm-ajax-login-form\"><form action=\"https:\/\/thepatientinvestor.com\/wp-login.php\" method=\"post\" class=\"wlm_inpageloginform\">\n<input type=\"hidden\" name=\"wlm_redirect_to\" value=\"wishlistmember\" \/>\n<input type=\"hidden\" name=\"redirect_to\" value=\"wishlistmember\" \/>\n<div class=\"wlm3-form\">\n<div class=\"wlm3-form-group\"><label>Username or Email Address<\/label><input name=\"log\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_log\" type=\"text\" value=\"\"><\/div>\n<div class=\"wlm3-form-group\"><label>Password<\/label><span class=\"wishlist-member-login-password\"><input name=\"pwd\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_pwd\" type=\"password\" value=\"\"><a href=\"#\" class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/a><\/span><\/div>\n\n<div class=\"wlm3-form-group\"><label><input name=\"rememberme\" class=\" form-checkbox fld\" id=\"wlm_form_field_rememberme\" type=\"checkbox\"  value=\"forever\"> Remember Me<\/label><\/div>\n<p><input name=\"wp-submit\" class=\"\" id=\"wlm_form_field_wp-submit\" type=\"submit\" value=\"Login\"><\/p>\n\n<p>\n<a href=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=lostpassword\">Lost your Password?<\/a>\n<\/p>\n<\/div>\n<\/form><\/div><form method=\"post\" action=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=wishlistmember-otl\" class=\"wlm-ajax-login-form-otl\" style=\"display: none;\"><div class=\"wlm-ajax-login-notice -permanent\">Please enter your username or email address. 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You will receive an email message with instructions on how to reset your password.<\/div><div class=\"wlm3-form\"><div class=\"wlm3-form-group\"><label>Username or Email Address<\/label><input name=\"user_login\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_user_login\" type=\"text\" value=\"\"><\/div><p><input name=\"wp-submit\" class=\"\" id=\"wlm_form_field_wp-submit\" type=\"submit\" value=\"Get New Password\"><\/p><input name=\"action\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_action\" type=\"hidden\" value=\"lostpassword\"><p><a href=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=login\">Log in<\/a><\/p><\/div><\/form><\/div><\/div><\/div>\n<p>If you are not a subscriber, to find out more <a href=\"https:\/\/thepatientinvestor.com\/index.php\/subscribe\/\">click here<\/a>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Brent crude futures (June&#8217;26) rose to $103.68 per barrel. The S&amp;P 500 reached a new high. However, the bull signal has not been confirmed by the Dow and the S&amp;P 1500 Transportation Index. The Fed has injected $170 billion of liquidity into financial markets since December 2025. 10-year Treasury yields found support at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/23\/rising-crude-is-bearish-for-gold\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rising Crude is Bearish for Gold&#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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,44,9,34,35],"tags":[69,7256,1073,1113,1355,7272,3010,3204],"class_list":["post-64224","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-crude-oil-natural-gas","category-gold-precious-metals","category-us-canada-countries-regions","category-us-dollar-index","tag-10-year-treasury-yield","tag-brent-crude-futures-ice-june26","tag-dollar-index","tag-dow-jones-industrial-average","tag-fed-total-assets","tag-sp-1500-transportation-index","tag-sp-500","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rising Crude is Bearish for Gold - 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=\"Rising Crude is Bearish for Gold - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Brent crude futures (June&#8217;26) rose to $103.68 per barrel. The S&amp;P 500 reached a new high. However, the bull signal has not been confirmed by the Dow and the S&amp;P 1500 Transportation Index. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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.","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-gHS","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":64275,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/","url_meta":{"origin":64224,"position":0},"title":"The S&#038;P 500 and the Strait of Hormuz","author":"Colin Twiggs","date":"April 28, 2026","format":false,"excerpt":"Key Points Brent crude June '26 futures are testing resistance at $110 per barrel. The S&P 500 indicates a bull market. However, the S&P 1500 Containers & Packaging Index ($X3BF) threatens a primary downtrend. The bond market is growing restless as the risk of fiscal dominance grows. Brent crude (June'26)\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Brent Crude Futures (ICE June'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":64294,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/30\/crude-up-gold-down\/","url_meta":{"origin":64224,"position":1},"title":"Crude Up, Gold Down","author":"Colin Twiggs","date":"April 30, 2026","format":false,"excerpt":"Key Points President Trump rejects Iran's proposal to reopen the Strait and discusses an extended US naval blockade. Brent crude futures (June'26) jump to more than $120 per barrel. The Fed kept interest rates on hold in Jerome Powell's last FOMC meeting as Fed Chair. Powell says he will stay\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":"Brent Crude Futures (ICE June'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-29-brent2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-29-brent2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-29-brent2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":65109,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/07\/02\/dow-meets-resistance-while-gold-respects-support\/","url_meta":{"origin":64224,"position":2},"title":"Dow Meets Resistance While Gold Finds Support","author":"Colin Twiggs","date":"July 2, 2026","format":false,"excerpt":"Key Points Brent Crude prices remain close to $70 per barrel. Shipping through the Strait of Hormuz has slowed following an IRGC attack. Bitcoin continues to test support at 60,000. The Dow is encountering resistance above 52,000. Gold respected support at $4,000 per ounce. Brent Crude futures (September '26) remain\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":"Brent Crude Futures (ICE September'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-01-brent-sep26.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-01-brent-sep26.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-01-brent-sep26.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63983,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/31\/financial-markets-tighten-as-tankers-burn\/","url_meta":{"origin":64224,"position":3},"title":"Financial Markets Tighten as Tankers Burn","author":"Colin Twiggs","date":"March 31, 2026","format":false,"excerpt":"Key Points Iran attacked a fully loaded oil tanker off Dubai in the Persian Gulf, setting it ablaze. Brent crude futures (May'26) are testing resistance at $115 per barrel. Financial market liquidity is tightening, with credit spreads widening. The US Dollar strengthened to 100.5. TEL AVIV\/WASHINGTON, March 31 (Reuters) -\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":"Brent Crude Futures (ICE May'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent4.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":64452,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/14\/china-has-the-us-over-a-barrel\/","url_meta":{"origin":64224,"position":4},"title":"Xi Has Trump Over a Barrel","author":"Colin Twiggs","date":"May 14, 2026","format":false,"excerpt":"Key Points Producer prices jumped by 6.0% over the 12 months to April, warning of higher consumer prices ahead. 10-year Treasury yields responded with a rise to 4.48%. Xi Jinping has the upper hand in negotiations with Donald Trump because of China's large strategic oil reserves, which they could use\u2026","rel":"","context":"In &quot;Copper&quot;","block_context":{"text":"Copper","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/copper\/"},"img":{"alt_text":"Producer Price Index (PPI)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-05-13-ppi-core.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-05-13-ppi-core.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-05-13-ppi-core.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":64224,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64224","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=64224"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64224\/revisions"}],"predecessor-version":[{"id":64288,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64224\/revisions\/64288"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=64224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=64224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=64224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}