The GOLD to SPX ratio currently looks similar to 2001. Where were you 19 years ago? I know where I was and I was clearly not buying enough gold! Hindsight is clear.. or should I say 20/20? Seeing as history tends to rhyme, precious metals look like the better deal over the next decade- especially if you hold them in your possession.
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here's a snapshot on daily to compare 2020 to 2001
2001:
2020:
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I would really like to see the metals SPIKE BIG here. It's very possible.. and it's also very possible it makes a lower high into a deeper correction. I don't know.
Thanks for your analysis. Looks pretty clear to me.
gghsusa
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@Ronbon yeah, there are no guarantees but metals sure look attractive-especially silver. I’ll trade silver contracts but I like the real stuff of course