Gold is completing pullback versus spx. This tells you the long term trend will now favor gold vs spx. Remember, ratio can go up with a mix of gold up or down and spx up or down. But it does tell you gold WILL out perform spx (US equities)... So tell me why you should go long US equities instead of gold? Doesn't make sense to me. #patience #gold #silver SLVGLD #fintwit SILSILJGDXGDXJ
Really thoughtful analysis and great charting. Thanks!
Badcharts
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@theworldinscents, thank you!
DollarCostAverage
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The strongest chart ever
pomeropd
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The stock market drop back in March caused me to sell my trailing stops. Then many newsletters were talking about hopping back in because the government would support the market. That type of reasoning made me uncomfortable; so I decided to look at the gold to SPX ratio looked like back in 2001. This ratio was telling me the gold was under priced versus stocks. I also remember reading that negative real interest rates would be best environment for gold. Saw your videos and enjoyed your technical analysis along with Northstar. So it look like I will be watching for a few years as the precious metals make their move.