Quantified Funds 10/28/19

U.S. equity markets posted gains in all three indexes last week. The NASDAQ Composite gained 1.90%, the S&P 500 gained 1.22%, and the Dow Jones Industrial Average gained 0.70%. Nine of the 11 sectors were up last week; Energy posted the largest gain at about...

What’s the long-term prognosis for gold?

Gold prices closed last week at $1,508 per ounce, just above the $1,500-per-ounce support level. This consolidation continues to be concentrated in a classic “pennant” formation (see the following chart). The fact that the current consolidation pattern is still intact...