Good morning all,
I published something similar some time ago, exploring the correlation of Gold and SPX during the 2008 sell-off. I would like to come back to this one more time as I think we are going to see a very very similar setup soon - and so I wanted us to be prepared.
It's all in the chart, basically.
the way it relates to 2015 is as follows:
1) Gold is also about to start growing substantially (probably it has already reversed)
2) SPX is also running it's final wave up (if not finished yet)
3) The decline in SPX is supposed to have a similar shape to that of 2008.
I published something similar some time ago, exploring the correlation of Gold and SPX during the 2008 sell-off. I would like to come back to this one more time as I think we are going to see a very very similar setup soon - and so I wanted us to be prepared.
It's all in the chart, basically.
the way it relates to 2015 is as follows:
1) Gold is also about to start growing substantially (probably it has already reversed)
2) SPX is also running it's final wave up (if not finished yet)
3) The decline in SPX is supposed to have a similar shape to that of 2008.