Gold vs. Equities: The Ultimate Showdown

Published on
January 16th, 2020
12 minutes

Gold vs. Equities: The Ultimate Showdown

Technical Trader ·
Featuring Frank Cappelleri

Published on: January 16th, 2020 • Duration: 12 minutes

Frank Cappelleri, CMT, chief market technician at Nomura Instinet, returns to discuss gold, the S&P 500, and the relationship between the two. He lays out a bullish case for $GDX, the gold miners ETF. Using a number of technical indicators in conjunction with price action, he examines $GDX vs. S&P 500 to determine whether the metal everyone loves to hate will outperform the almighty stock market. Filmed on January 15, 2020 in New York.



  • LG
    Lisa G.
    16 January 2020 @ 20:14
    Really appreciate seeing macro view explained with supporting technicals, including thoughtful probabilities and strategies. Would love to see more segments like this with a regular cadence. Would others tune in to a monthly or quarterly breakdown like this? I absolutely would.
    • FC
      Frank C. | Contributor
      16 January 2020 @ 22:18
      Thanks for the feedback, Lisa. Appreciate it... Best, Frank
    • KT
      Kai T.
      11 February 2020 @ 04:43
      Definitely. I think many real vision viewers who are invested in equities would like regular technical analysis. Great job Frank, I really hope to see you on Real Vision regularly.
    • SA
      Sebastian A.
      21 February 2020 @ 22:21
      This is the kind of content I receive the most value from, and why I am a subscriber.
  • rw
    randall w.
    19 February 2020 @ 02:20
    Frank what's the components that you're speaking of that failed to participate? Thanks
  • DP
    David P.
    21 January 2020 @ 22:54
    Good overview Frank. You seem unique among technicians I follow. Most it seems are always wary of gold when RSIs get stretched but still pound the table on APPL, TSLA, etc with weekly RSIs of 90!
  • FB
    Floyd B.
    20 January 2020 @ 22:09
    Reasonable perspective,would have liked a comment or two on silver too
  • BB
    Baneesh B.
    19 January 2020 @ 18:59
    nice video. Short and crisp....
  • NI
    Nate I.
    19 January 2020 @ 03:34
    Gold has a 90 mph tailwind thanks to central banks. I'm afraid to be short SPX, but long gold is pedal to the metal in my opinion.
  • DH
    Dale H.
    18 January 2020 @ 06:33
    I'm worried mostly about the Comex gold futures and options increasing in open interest volume; the sellers are willing to create as many contracts as possible to blunt the force of increasing gold demand. They know if they lose money the Fed has their back.
  • AP
    Ash P.
    16 January 2020 @ 16:45
    Hi Frank, any thoughts on using GDXJ instead? Less liquid, but added volality (and I know this is fundamentals, so not your focus but) M&A, govornance etc, give them some added traction versus GDX maybe. Thoughts?
    • FC
      Frank C. | Contributor
      16 January 2020 @ 22:18
      Hi Ash... It's really a personal preference.... I prefer GDX mainly because it is closer to its 2016 high compared to GDXJ percentage-wise. Getting the direction of Gold right is the most important part in my opinion.... Best, Frank
  • WA
    Wissam A.
    16 January 2020 @ 12:00
    Frank if it is not asking too much can you please also provide Elliot Wave analysis next time when you are on RV? Thanks.
    • FC
      Frank C. | Contributor
      16 January 2020 @ 15:20
      Hello Wissam... I'm sorry, but I don't use Elliot Wave strategies. Thanks for taking the time to view this latest video... Frank
  • FD
    Francesco D.
    16 January 2020 @ 13:53
    How is the Instinet Bear Oscillator built? thanks
    • FC
      Frank C. | Contributor
      16 January 2020 @ 15:17
      Hello Francesco... This RV segment from 2/27/2019 explains it. Thank you. Frank