Gold's breakout failed and fell back into the previous consolidation zone at $2300 to $2400/oz. Silver reversed hard and is threatening support at $29.For years, we have written about the significance of Gold outperforming the stock market and the conventional 60/40 investment portfolio.
The steepening in 2001, 2007, and 2019 was very positive for Gold and Gold against the stock market. Gold even performed okay while in a long-term downtrend when the curve steepened in 1984, 1990, and 1995. Gold has and should reliably outperform the stock market in such a scenario. It should reach the measured upside target from its cup and handle pattern breakout of $3000.
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