capriole_charles

Gold-Stocks Ratio Brakeout - A Historic Risk-off Flag

SPCFD:SPX   S&P 500 Index
The Gold-to-Stocks ratio breaking above the 200-week moving average.

The last time this occurred was 2001, and for more than a decade investors were better avoiding stocks and holding gold .
Comment: I just published the script also:
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Comments

Hi Charles, interesting concept and great chart. I wonder about the third option here: Gold mining and royalty stocks. IMO, gold in the current situation is not much better than a decent hedge against inflation, so I wonder how gold mining stocks may perform also taking into account workforce issues due to Covid.
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Amazing piece of work - Congrats and thanks for sharing!! :)
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Nice idea sir
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Thanks bro. Good work.
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Agree with you
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Very interesting stuff, thanks for sharing!
FWIW, I've been following this from a slightly different angle for month, and basically have come to same conclusion, too.
Just yesterday I updated my ideas on this accordingly
"S&P 500 vs. Gold : Who's going to win in the medium term ?" (published November 16, 2019)

"S&P 500 / Gold : When in doubt, this golden curve doesn't lie" (published October 4, 2019)
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