TVC:GOLD   CFDs on Gold (US$ / OZ)
The changes we expect need time to take shape.
Some of them might come sooner rather than later. Yield rates are into a clear breakout.

Big moves need more time to take shape than small ones.
For illustration purposes a sine wave can be plotted to showcase the major cycles of the balance-of-power. The cycle above lasts 32 years.

If we expect a major move from Gold, we must wait a long time.

While the sine wave is nice for perspective, it doesn't prove as a trend analysis tool.
For this reason, a custom oscillator was developed, paired with an alternative price ribbon.

If we re-analyze the yield chart we see the following:
A yield rate shift began showing signs of change in 1996. It took 20 years for that shift to confirm. As you can see, it is common for analysts to make premature conclusions.

While the Gold bulls have significant evidence toward their position, price action for the following years/decades might disappoint them.

If we compare SPX to Silver we see the following:
It can take many years for a MACD crossing to complete. This can be considered a final bear warning.

Using this oscillator, we can conclude that equities are in a period similar to 1988.
Just when I thought I was out, they pull me back in.
A big bear trap was created. Now it is too expensive to go short...

As for crypto... Bitcoin is showing a price action similar to 2019.
While relative weakness / horizontal movement is expected for Bitcoin, worse are expected for alt-coins. A crypto winter is soon to come.

The many coins will lose against the few ones.

Contrary, the many companies will beat the few ones.

The conclusion? Buffett called it, not me.
Japan + Oil = Love-4-many-years


Tread lightly, for this is hallowed ground.
-Father Grigori
Comment:
An unexpectedly bullish SPX chart.
And VIX is in post-crisis levels.
Comment:
You don't get it do you?
Comment:
I've spoken before of the similarity between now and 1988. Just when we thought that the crash is coming, the bubble comes instead.

A peculiar correlation comes up as further evidence.

The Silver/Gold ratio violates correlation to SPX in periods like 1950, 1980, 2020. It is at these periods when the Silver/Gold ratio reaches a minimum. It is at these periods when money flows out of Gold and into Equities / Silver.

If you haven't realized, the Silver/Gold ratio is at an all-time low. In what appears to be an impenetrable floor.
Comment:
To answer my previous question: You don't get it, do you? This world is fake.

Maybe I am myself the fakery of this world...
Don't trust me.
Comment:
Sometimes, up is down, and down is up. Fake world huh?

Comment:
A slightly updated chart on Gold:
And another one for SPX / Gold:
Comment:
SPX above trend:
The 2000-2020 stagnation period has only now just ended.
Comment:
Cheap crude oil for now?

Gasoline: The Elephant In The Room
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.