SPDR Gold Trust

Market Update - 11/24/2024

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Small caps are taking the lead again, consumer discretionary, finance and energy names are the strongest. These are all healthy signs. Interestingly nuclear names (NNE, SMR, NUCL) are showing high relative strength. China names might also start working again next week after a nice consolidation for ~2 months. Over a third of my passive account is invested in energy/commodity ETFs which have been doing well, especially EXXY due to GLD. There are also lots of good setups and my market timing model has been significantly improving in the last few days. I'm quite bullish, until the market proves me otherwise.

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