Daily Charts - Gold had a storming run in 2024, up about 26%

Callum_Thomas

2024-12-31

1.Gold $Gold - main 2502(GCmain)$ had a storming run in 2024, up about 26%

...but so did stocks (up about the same YTD)

Result = range-trade-for-longer and no resolution of that epic 30-year triangle pattern in the gold/stock ratio (yet)

$.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$

Image

2.Go Global in 2025?

Image

3.Commodity Cycles

The bullish breadth divergence in this chart helped identify the (double) bottom in commodities this year.

(+will be a key chart and asset class for the year ahead)

Image

4.The China Risk Premium

The pivot to greater easing helped Chinese stocks put in a very rapid and large rally in 2024.

One key ingredient to that has been the very high equity risk premium in China (“it’s in the price”)

Image

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(+will be a key chart and asset class for the year ahead)<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/dd7c13e46904045259f54e8fe4004d4b\" tg-width=\"680\" tg-height=\"474\">Image4.The China Risk Premium The pivot to greater easing helped Chinese stocks put in a very rapid and large rally in 2024. One key ingredient to that has been the very high equity risk premium in China (“it’s in the price”)<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/fea2be582b71af2676b84ff3b4881cf6\" tg-width=\"680\" tg-height=\"509\">Image </body></html>","htmlText":"<html><head></head><body>1.Gold <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2502\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2502(GCmain)$</a> had a storming run in 2024, up about 26% ...but so did stocks (up about the same YTD)Result = range-trade-for-longer and no resolution of that epic 30-year triangle pattern in the gold/stock ratio (yet) <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\".SPX\" href=\"https://ttm.financial/S/.SPX\">$.SPX(.SPX)$</a> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/88cdd319e3771856dadb9ca9468cad9f\" tg-width=\"680\" tg-height=\"485\">Image2.Go Global in 2025? <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f239d8c5e19a6f0b3567d5d74273fa8b\" tg-width=\"680\" tg-height=\"476\">Image3.Commodity Cycles The bullish breadth divergence in this chart helped identify the (double) bottom in commodities this year. (+will be a key chart and asset class for the year ahead)<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/dd7c13e46904045259f54e8fe4004d4b\" tg-width=\"680\" tg-height=\"474\">Image4.The China Risk Premium The pivot to greater easing helped Chinese stocks put in a very rapid and large rally in 2024. One key ingredient to that has been the very high equity risk premium in China (“it’s in the price”)<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/fea2be582b71af2676b84ff3b4881cf6\" tg-width=\"680\" tg-height=\"509\">Image </body></html>","text":"1.Gold $Gold - main 2502(GCmain)$ had a storming run in 2024, up about 26% ...but so did stocks (up about the same YTD) Result = range-trade-for-longer and no resolution of that epic 30-year triangle pattern in the gold/stock ratio (yet) $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Image 2.Go Global in 2025? 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