Slope of Hope Blog Posts

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Money Flow Flip: SPX vs GOLD vs OIL

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Further to my post of January 9GOLD is poised to take the lead away from the SPX in terms of safe-haven money flow, while money has been fleeing OIL.

As shown on the following monthly comparison chart of the SPXGOLD and OIL, the Balance of Power has shifted from buyers to sellers in the SPX on this timeframe.

For clues as to further weakness or strengthening of the SPX, please refer to my comments with respect the SPX:VIX ratio in my last post, which hints of further weakness. Furthermore, January’s candle formation on the SPX is a shooting star, also a bearish signal in the longer term.

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