NFTRH; Gold Ratios & Implications

The real or asset adjusted price of gold continues to make positive progress in several areas.  Below we update gold ETF GLD vs. a few other asset classes, primarily commodities, which makes up the ‘real’ price of gold and the big picture macro plan per the top pane of this chart.  If Au-CCI remains strong, the S&P 500 (lower panel) would be expected to weaken again at some point.

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