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Is the Action in Gold Signaling a Downdraft for Stocks?

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Commodity volatility typically precedes equity movement.

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MINYANVILLE ORIGINAL

Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.

The tape hung tough yesterday despite the flight from commodities.

We took a moment on our real-time Buzz & Banter (click here for a free two-week trial) to remind ourselves that commodity volatility typically precedes equity movement.

Case in point: Gold screamed higher on Friday, rallying an eye-popping $80; two sessions later, the S&P began a two-day 50-handle lift.

Since Wednesday's high tick, gold was down more than $60 at yesterday's low tick; it remains to be seen where the S&P will be in a few days, but it's an interesting observation nonetheless.

Check out the chart below-gold vs. the S&P-to see what I'm seeing.



R.P.

Twitter: @todd_harrison

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