Yes it’s time for ‘Gold vs. Cyclical Assets’ again because well, it is making some serious moves. Frankly, looking at these pictures makes it harder for me to hold my gold short but when I look at nominal gold and the potential for market relief and then look at my miner positions I think I’ll just hold on unless the upside parameters as noted yesterday are broken.
Meanwhile, here is ‘gold vs.’ by daily charts with no input from me.
Gold vs. S&P 500
Gold vs. the World
Gold vs. US Materials Sector
Gold vs. Commodities
Gold vs. Industrial Metals
Gold vs. Palladium
Of particular interest to gold mining operations, Gold vs. Crude Oil
Gold vs. Junk Bonds
Gold vs. Silver, which is its own animal with different implications than the above.
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