The Gold:SPX ratio has but in a double bottom on the monthly chart, indicating a likely short-term top in the US equities market and/or a re-test of the August 2020 highs for gold. If there is a broader market sell-off and deleveraging that brings all assets down a bit, that would be an excellent and extremely low-risk time to load up on quality gold and silver...
This mining explorer has been beaten up lately on lack of news and political uncertainty in Peru. It put in a reversal candle today and bounced off of the Fib retracement level. Adding to my position here to get leverage on the impending breakout in silver.
"History doesn't repeat itself, but it often rhymes." -Mark Twain
Here is a macro view of the Gold:Dow ratio, which normalizes the price of a popular alternative investment relative to the strength of the market. When this trend is going up, gold is outperforming the market. Conversely, a downward trend means stocks are outperforming the metal.
Where is this going next?