More chart wank from me... sorry.
It's interesting Dow:Gold has been a thing for a while now I read. It makes sense I suppose if you think of gold as the safe haven asset and the Dow as the premiere global money machine. Unfortunately trading view only has gold charts going back to the late 60s, so here is a link to a chart dating back to the late 1800s: undervaluedequity.co...gold-price-ratio.jpg
Actually the 6month candle on the Dow:Gold looks like it might close as hanging man (weak I'd say), so that ratio might move sideways as happened in the mid 1990s. The Dow:Bitcoin is weekly. I think it's more difficult to say. Maybe an arch as in 2014/15/16? Maybe are shorter retrace as in 2011/13? Maybe something completely different?
The general trend is interesting. Gold is losing to the DJI but Bitcoin has been crushing it. Hope it continues.
It's interesting Dow:Gold has been a thing for a while now I read. It makes sense I suppose if you think of gold as the safe haven asset and the Dow as the premiere global money machine. Unfortunately trading view only has gold charts going back to the late 60s, so here is a link to a chart dating back to the late 1800s: undervaluedequity.co...gold-price-ratio.jpg
Actually the 6month candle on the Dow:Gold looks like it might close as hanging man (weak I'd say), so that ratio might move sideways as happened in the mid 1990s. The Dow:Bitcoin is weekly. I think it's more difficult to say. Maybe an arch as in 2014/15/16? Maybe are shorter retrace as in 2011/13? Maybe something completely different?
The general trend is interesting. Gold is losing to the DJI but Bitcoin has been crushing it. Hope it continues.
Comment:
Here's the dow jones to gold ratio with annotations. looks like rising wedge huh?
