{"id":444,"date":"2022-09-02T19:01:26","date_gmt":"2022-09-02T19:01:26","guid":{"rendered":"https:\/\/goldsilverdesk.com\/news\/?p=444"},"modified":"2024-07-08T19:44:38","modified_gmt":"2024-07-08T19:44:38","slug":"dark-clouds-for-equities-in-sept-may-be-silver-lining-for-gold-silver-bulls","status":"publish","type":"post","link":"https:\/\/goldsilverdesk.com\/news\/dark-clouds-for-equities-in-sept-may-be-silver-lining-for-gold-silver-bulls\/","title":{"rendered":"Dark clouds for equities in Sept. may be silver lining for gold, silver bulls"},"content":{"rendered":"\n

Jim Wyckoff _ Thursday September 01,2022<\/strong><\/p>\n\n\n\n

\n

CNBC\u2019s \u201cPro Playbook\u201d email dispatch on Thursday said: \u201cAugust was rough for Wall Street, and September could be more of the same. Data compiled by the Stock Trader\u2019s Almanac shows September is on average the worst month for stocks.<\/strong><\/p>\n\n\n\n

Since 1950, the S&P 500 has averaged a loss of 0.5% in September, including a drop of 11.9% in 1974. The benchmark index has also posted September losses in the last two years, dropping 4.8% in 2021 and 3.9% in 2020. This historically weak performance for the month, along with August\u2019s declines and expectations of even higher rates from the Federal Reserve and other central banks, raise concern over a potential retest of the mid-June lows\u201d in the stock indexes.<\/strong><\/p>\n\n\n\n

The above scenario may be what puts in price bottoms in for the gold and silver markets. Gold hit a six-week low Thursday and silver a more-than-two-year low.<\/strong><\/p>\n\n\n\n

The metals markets (hard assets) and the stock market (paper assets) compete for trader and investor monies, and the turbulent months of September and October for the stock and financial markets may be just what the doctor ordered for the safe-haven gold and silver markets.<\/strong><\/p>\n\n\n\n

It can also be argued that the hawkish central banks and notions of weaker global economic growth that are likely to crimp consumer and commercial demand for metals, has now been factored into gold and silver prices.<\/strong><\/p>\n\n\n\n

Don\u2019t be surprised if a \u201csell the rumor, buy the fact\u201d scenario develops in the gold and silver markets in the near term, regarding the bearish central bank element for the metals.<\/strong><\/p>\n\n\n\n

Also, from a short-term technical perspective, the gold and silver markets are oversold, technically, and due for corrective bounces very soon.<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

\n\n\n\n

The risk of gold price plunging below $1,700 is limited, says Standard Chartered<\/span><\/em><\/strong><\/p>\n\n\n\n

\n\n\n\n

By Jim Wyckoff<\/strong><\/p>\n\n\n\n

_________________<\/p>\n","protected":false},"excerpt":{"rendered":"

Jim Wyckoff _ Thursday September 01,2022 CNBC\u2019s \u201cPro Playbook\u201d email dispatch on Thursday said: \u201cAugust was rough for Wall Street, and September could be more of the same. Data compiled by the Stock Trader\u2019s Almanac shows September is on average the worst month for stocks. Since 1950, the S&P 500 has averaged a loss of … Continue reading “Dark clouds for equities in Sept. may be silver lining for gold, silver bulls”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-444","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nDark clouds for equities in Sept. may be silver lining for gold, silver bulls - Gold Silver Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldsilverdesk.com\/news\/dark-clouds-for-equities-in-sept-may-be-silver-lining-for-gold-silver-bulls\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dark clouds for equities in Sept. may be silver lining for gold, silver bulls\" \/>\n<meta property=\"og:description\" content=\"Jim Wyckoff _ Thursday September 01,2022 CNBC\u2019s \u201cPro Playbook\u201d email dispatch on Thursday said: \u201cAugust was rough for Wall Street, and September could be more of the same. 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