@falakoala, this is the Nasdaq gold ratio. Viewed as risk vs safe haven...
falakoala
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@Golden_Oracle, very nice, do you ever look into Vix, is there any correlation here to M1 M2 future contracts in contango/bakwardisation? i usually use these for measuring possible swings but this chart you have here is very interesting
Golden_Oracle
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@falakoala, I don't believe there is correlation to the Vix here. Its similar to the dow/gold ratio. I use nasdaq/gld as nasdaq attracts more risk trades. Also nasdaq/gld removes inflation and some speculation from the chart. What you have left is safe haven vs risk, with speculation increasing the amplitude.
MattS5
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@Golden_Oracle What are your thoughts on what is happening here now that it has surpassed the top in '18?
falakoala
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i come back here every so often as a guide. very under-rated chart i think. imo trump releases the money soon and gold/stocks moon. but gold more. fits with this chart
Golden_Oracle
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@falakoala, Thanks falakoala. yeah i think gold will continue much higher while stock market drifts sideways or maybe lower. But, watching out for stock market crash like the last 2 downturns.
IbeRich
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So does this mean if IXIC moves above 62.1, gld goes down because it's no longer a safe haven?