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Stock Market Divergences Are Growing As Gold Stabilizes (An Indicator I Am Watching This Week)

Author

Michael Swanson
June 16, 2024

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The divergences in the US stock market are simply growing, while gold has stabilized above the $2300 an ounce price point, rallying $31 on Friday. A week ago, we had to wonder if gold would fall more, after a big one day drop associated with good employment numbers in the US and news came out that the Chinese central bank did not buy anymore gold in the month of May.

When it comes to the US stock market there are two key indicators I will be watching this week to see how much longer this rally is likely to last.

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