NFTRH+; Catching Up w/ Another Important Macro Indicator

It’s no great shakes, but the Gold/SPX ratio has been holding the gap fill support area for a month now and has an upward bias over that period. If this resolves to the upside as expected it will have been a healthy correction in the precious metals to bleed out the latecomers and overall enthusiasm. So far it’s right to script after filling that fear gap from February.

gold/spx ratio