Clear relationship between the ratio of SPX/USOIL and precious metals. The ratio bottoms precisely when gold and silver prices peak. If you "zoom in" you can see a strong downward tail (shooting star) in the latest month. Compare to previous bottoming events.
i totally can see SP500 take a deep dive after the summer rally to 3200 or 2400, and oil go back up 120$ with winter demand, wich would give a 20'ish ratio.
BlkGold
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Very interesting chart. I was particularly interested to see the white line. Not too many people are forecasting the kind of drop in SPX/USOIL that would be required to reach the white line. Lot's of jaws are going to drop if we reach the white line over the next few years.
i totally can see SP500 take a deep dive after the summer rally to 3200 or 2400, and oil go back up 120$ with winter demand, wich would give a 20'ish ratio.