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Brandon Beylo: NYSE Gold BUGS Index repeats rare weekly gain seen in 2016

Brandon Beylo: NYSE Gold BUGS Index repeats rare weekly gain seen in 2016
Gold BUGS Index repeats 2016 rally

Brandon Beylo highlights that the NYSE Gold BUGS Index experienced a weekly return similar to just five other past occurrences. The last time this pattern appeared was in 2016.

Following the 2016 event, the index gained 85 percent over a 26-week period.

Beylo has previously tracked precious metals as they attempted to break out of established market ranges, as seen in his recent observations. He has also challenged prevailing sentiment, recently taking a contrarian position on gold when bullish consensus was high. These earlier notes set context for his latest focus on the NYSE Gold BUGS Index moves.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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