Double Bottom on the Gold:SPX Ratio

The Gold:SPX ratio has but in a double bottom on the monthly chart, indicating a likely short-term top in the US equities market and/or a re-test of the August 2020 highs for gold . If there is a broader market sell-off and deleveraging that brings all assets down a bit, that would be an excellent and extremely low-risk time to load up on quality gold and silver mining companies in safer jurisdictions.
Comment: The chart looks to have created a false breakdown. Looking for a bullish break of the downward trendline to confirm. Now looks like a really good entry into junior mining equities...