While gold hit record highs this year, the shine didn't last long... The metal surged by as much as 35% in 2024, topping $2,700 per troy ounce... and grabbing headlines as one of the year's best-performing assets.

Editor's note: As regular readers know, Chaikin Analytics founder Marc Chaikin has been consistently "bullish" on stocks this year. And he has long said that high-quality stocks are remarkable creators of long-term wealth. So today, we're sharing an essay from our friend Joel Litman that helps reinforce the message of the power of great stocks over the long term... Longtime readers will recognize Joel. He's the founder and chief investment officer of our corporate affiliate Altimetry. And he first published today's essay in the November 25 edition of the free Altimetry Daily Authority e-letter. In it, Joel discusses a recent breakdown in gold. And as he explains, it helps illustrate why the metal simply can't do what one type of business can for your portfolio... The Case for This 'Safe Haven' Metal Is Crumbling By Joel Litman, chief investment officer, Altimetry While gold hit record highs this year, the shine didn't last long... The metal surged by as much as 35% in 2024, topping $2,700 per troy ounce... and grabbing headlines as one of the year's best-performing assets. Investors piled into this "safe haven," even as inflation cooled and markets stabilized. But then the election came and went. And with no signs of runaway inflation or economic chaos, gold prices are about 4% off their all-time highs. Gold's biggest cheerleaders are still holding on. These folks are convinced the metal is the ultimate store of value. It doesn't seem like anything could change their minds... But we'll do our best. Today, we'll explain why gold isn't the safe haven investors want it to be. And we'll reveal the type of business you should invest in instead. Recommended Links: TOMORROW: Former Economic Adviser to the President-Elect Shares All He's an investor and a former economic adviser to the president-elect who lost everything 17 years ago, then rebuilt an eight-figure fortune far faster than he ever imagined possible. Along the way, he developed a network of multimillionaires and billionaires like the late Sam Zell, Kyle Bass, and more. Tomorrow, he'll show you the strange places billionaires keep some of their most prized assets. Plus, he'll share the ONE move to make before 2025 that could set your wealth up to benefit as a new administration takes office. Click here before tomorrow to learn more. This NEW Postelection Warning May Shock Millions If you're holding U.S. stocks, it may be time to brace for impact. That's the newest warning from 50-year Wall Street legend Marc Chaikin. Today, he's stepping forward to reveal the exact stocks to buy – and SELL – before the end of 2024. Get the names and tickers here. As an investment, gold thrives on fear... Investors rush to the metal for stability when inflation spikes, markets tumble, or geopolitical tensions flare. That's what we saw earlier this year. Between the impending election and the fighting in Israel and Ukraine, folks were desperate for a low-volatility place to put their money. However, while gold may hold its value during times of crisis, it doesn't create value over time. It just sits there, shiny but stagnant. We can almost hear the gold bulls now... arguing that in 1980, an ounce of gold cost $533. Through late last month, the same ounce is worth more than $2,600 – an impressive 390% return over nearly 45 years. But compare that with a corporate mainstay like PepsiCo (PEP), one of the most consistent value creators in the stock market. If you had put $533 into PepsiCo stock in 1980 and reinvested your dividends, your investment through late last month would be worth more than $60,916... a return of more than 11,300%. That's more than 23 times gold's performance over the same period. Take a look... And it's not just about the numbers. Gold is inert. It doesn't grow, adapt, or innovate. An ounce of gold purchased in 1980 is still just an ounce of gold today. PepsiCo, on the other hand, is a dynamic business. Over the past two decades, it has launched billion-dollar brands like Gatorade and Frito-Lay... expanded its global reach... and rewarded shareholders with consistent dividend payouts. The beverage maker can reinvest profits and grow its operations. That's how it creates compounding value for investors. Gold simply can't do what PepsiCo can for your portfolio. As soon as investor confidence returns, gold's appeal starts to fade... And that's exactly what we're seeing now. The post-election drop in gold prices is a clear signal that fear is waning. Inflation is under control, the economy is stabilizing, and corporate earnings are strong. The case for gold as a "safe haven" is crumbling. Meanwhile, the stock market remains resilient. Major indexes are steady. And businesses are continuing to grow and reward investors. Companies like PepsiCo thrive in stable markets like these. The choice is clear. If you're looking for sustainable growth and compounding value, thriving businesses will always beat a lump of metal. Regards, Joel Litman   Editor's note: Tomorrow, Joel's firm Altimetry will join Chaikin Analytics and our other corporate affiliate Stansberry Research for a special announcement... In it, our firms will introduce a brilliant investor whom you might recognize from Bloomberg, MSNBC, or Barron's... or as a former economic adviser to the president-elect. And his journey to his current success is anything but typical. During tomorrow's special event, you can hear the full story – and what this man will be sharing could impact everything about how you invest over the next four years. Learn more here. Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -0.19% 10 13 7 S&P 500 +0.03% 123 274 99 Nasdaq +0.3% 30 47 23 Small Caps -0.7% 587 1012 310 Bonds -0.86% — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are Bullish. Major indexes remain all bullish. *  *  *  * Sector Tracker Sector movement over the last 5 days Communication +2.32% Discretionary +1.38% Information Technology +0.87% Health Care +0.42% Staples +0.07% Materials +0.04% Energy -0.77% Industrials -1.17% Financial -1.35% Real Estate -1.87% Utilities -2.94% *  *  *  * Industry Focus Biotech Services 29 85 25 Over the past 6 months, the Biotech subsector (XBI) has underperformed the S&P 500 by -7.56%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #13 of 21 subsectors and has moved down 1 slot over the past week. Top Stocks AVXL Anavex Life Sciences CPRX Catalyst Pharmaceuti EBS Emergent BioSolution *  *  *  * Top Movers Gainers PLTR +6.88% AXON +5.26% T +4.58% SYY +4.22% META +3.51% Losers MCHP -7.0% INTC -6.1% ON -5.6% FDX -4.66% SMCI -4.26% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close HRL SNPS CPB, DLTR No earnings reporting today. Earnings Surprises PSTG Pure Storage, Inc. Q3 $0.50 Beat by $0.08 MRVL Marvell Technology, Inc. Q3 $0.43 Beat by $0.02 CRM Salesforce, Inc. Q3 $2.41 Missed by $-0.04 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at indra21poetra@gmail.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2024 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. Any brokers mentioned constitute a partial list of available brokers and is for your information only. Chaikin Analytics, LLC, does not recommend or endorse any brokers, dealers, or investment advisors. Chaikin Analytics forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Chaikin Analytics, LLC (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.