* Red line = Fed begins QE
This is both one of the most sobering charts that any Equities investor can see, as well as one of the most exciting chart for Precious Metals investors.
This is the Nasdaq/ Gold ratio (blue line, right scale) compared against the fiat NDX (orange line, left scale).
What is immediately apparent is the clear correlation of these two...
That's right, more overvalued than during year 2k and the subsequent tech wreck that ensued.
How?
Simple, measure the RUT against something that is not transient, i.e. in this case silver.
Frustrated with the back and forth of the market during late 2018-2019?
Not if you were measuring assets correctly, for those with the forethought to do so, they are...
SP-500/ Gold - #ValueCycle Analysis
*Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500
*I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below)
Macro Analysis: Lower Chart
- After the lunacy of the tech wreck in the late 90's...
