Just another update on the view of cyclical and/or risk ‘on’ items vs. relatively counter-cyclical (and risk ‘off’) gold.
Draw your conclusions as you will using the proximity of the ratios to the 50 and 200 day moving averages, the moving averages’ trends and the RSI.
SPY vs. GLD
ACWX vs. GLD
DBC vs. GLD
USO vs. GLD
DBB vs. GLD
Last but never least, SLV vs. GLD, and its unique implications that would come into play when the forever downtrend ends.
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