If you are referring to other chart I posted, which is gold vs miners, I'm using it to balance the trades on a percentage basis, i.e. 60/40 or 70/30 if the metal or miner stocks are stronger or weaker against each other or to hedge bullion via puts. Regarding your last question, although I have no ability to project or forecast something into the future, gold is in a downtrend right now as we all know, and I believe that this is another short term rally to shake the shorts before reversing down again until the point that everyone will throw the towel and sentiment reach ultra negative readings for a considerable amount of time. GLD tonnage still printing negative outflows even during the current counter move. It's all based on the dollar I guess. If closes convincingly above the upper triangle line on a monthly basis or print a fakey . You must be one of the few here that we have discussed my favourite dollar chart, created something like 2 years ago and posted here
Cheers, all the best
I am reserving most of my powder for longer term out of the money PUT options on equities for anticipated major reversal on the horizon. Thanks for your analysis and sharing your views.
Will take close look at your charts you provided links above as some of the ratio are new to me. I appreciate it.