etfsandstuff

Gold - BTC

Long
Here is a a long term chart weekly of the gold futures to BLX ratio. I've been alerting people that gold was about to kill BTC for the last year. So what can you take away from this chart. 1. the trend has changed, if you cant see that you are in denial. 2. once we get past .3 ratio will will be entering a sustained uptrend in gold against BTC . 3. i have resistance in the 1.1 area, so if in time you see gold=BTC consider taking some profits. I see gold breaking through 1.1 and going to much higher levels eventually though.
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