I appreciate Michael A. Gayed's thesis here, but the more I look deeper (and longer term) at the data, it's really difficult to draw an real signal.
Too many instances where it's not clear which influences which and more likely the market itself (SPX) is influencing lumber and gold independently after the fact of the market move.
When you look closely you can see...
What would you do?
There seems to be heavy resistance at 18.50 and no real exciting support until 16.50.
The previous stimulus checks don't seem to have really moved the price of gold. Where's the inflation?
Normalized by DXY: