A perspective chart. First, THIS CHART IS WRONG, probably on multiple levels. And maybe I am off my rocker, but I saw something and followed it this morning...... Why look at it? FOR PERSPECTIVE ONLY. Just go with this for a minute..... This market time frame is a lot like 2007-2008 but on a larger scale. Every factor is larger, longer, deeper. GLD is already on a 4.5 X time line than 2008. GDX actually pivoted just before GLD and both of those pivoted way before OIL and SPY. But according to this chart SPY will correct relative to GDX and GLD .......... right about now???? ... and wind up at the levels where Abenomics started to have its effects??? A wild guess for sure. When will they pivot now, calling a bottom on all this, are you crazy, no, neither am I. Trends continue and change, and I tried to color these time frames for each so you could tell what I am showing here. There is a common 4 to 5 X factor in these, and you can do your own numbers if you care to, and these are different times. The odd man out is SPY (and equities) did not follow oil down with it this time,I think due to Abenomics and other QE events and actions, as well as currency war factors this time around. So if currency traders finally get burned, and that market settles, and the risk of deflating currency values finally wrecks a couple of smaller nations, and the IMF calls a truce to that and freezes currency values after bailing out those countries, GOLD may be the SAFE HAVEN it once was (for a short time - until the IMF removes the dollar as the reserve currency, and calls for a one world digital currency and bank - at first just to buy and sell oil with maybe?) , taking QE and its cousins out of the equation, GOLD spikes much higher,and the cycle repeats, with others to follow in their X multi factors manner. The thing that is NOT so hard to predict is human nature, and stupid human tricks, etc. AKA, Greed and fear.