Does S&P 500's 200-Day Moving Average Rally Suggest Gold Gains Ahead?

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Does S&P 500's 200-Day Moving Average Rally Suggest Gold Gains Ahead?

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Does S&P 500's 200-Day Moving Average Rally Suggest Gold Gains Ahead?

by TheStreet 2:25 mins

Does S&P 500's 200-Day Moving Average Rally Suggest Gold Gains Ahead?

by TheStreet 2:25 mins

The S &P 500 hasn't closed below its 200-day moving average since the 2012 presidential election. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that if that trend continues through 2014, it will be the third such longest rally since 1900 -- following the period's ending in 1929 and in 1946. McGlone says he thinks investors are looking at the rally as reason to start allocating parts of their portfolios to safety assets. Gold, McGlone says, would be a beneficiary if market investors do allocate from the stock market into other asset classes.

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