Metals are stronger through week 35.

This graph above is equally weighted for Gold, Silver and Platinum, showing strength last week represented in a blue bar.

Gold vs Silver:

Gold continues to hold up better than Silver in the weekly perspective.

Nasdaq100 vs Gold:

 And the technology weighted Nasdaq100 index continues to outpace the price of Gold.

2021-09-04 09:31 | Gold, Silver, Nasdaq100, Platinum, Gold Silver Ratio, Nasdaq100 Gold Ratio

Is the technology weighted Nasdaq100 index still better than Gold?

The weekly chart above shows the development of the Nasdaq100 index divided by the price of Gold.

As the graph signals, the index has outperformed Gold since May. This passed week gives a signal of that trend stalling. Is it time for a break or to head south? Gold looks to attempt to hold up better than Nasdaq100. Next week could quickly show if this is more true than false going forward when next week is giving the Blue or Red bar. The higher (lower) the numbers in the graph the more (less) OZ Gold needed in exchange for a contact of Nasdaq100.

2021-08-21 11:33 | Gold, Nasdaq100, Ratio, Nasdaq100 Gold Ratio