No matter whether or not gold resumes its correction, as these ratios trend down the proper macro backdrop is in place for a bullish view on the counter-cyclical gold stock sector. Some cyclical asset markets (and a couple yields) vs. gold… SPX/Gold DJW/Gold CRB/Gold Copper/Gold Crude Oil/Gold 10yr Yield/Gold 2yr Yield/Gold And finally, the one that could lead the whole mess to a new cycle … Continue reading vs. Gold
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, … Continue reading vs. Gold
We are getting ready to head back home from NYC, but I wanted to get you a quick view of gold’s ratios to other asset markets and see if we can draw some conclusions. You know that I am going to call what I see as opposed to wave the ‘go gold!’ pompoms, but what I see is an intact ‘Gold vs.’ picture. As it … Continue reading NFTRH; Gold Ratio Charts and Some Conclusions
With no commentary, as the theme should be obvious. Although I’ll note it is not a pro-gold bug post (they’re doing enough chest thumping on their own), it is a ‘pro-preferred big picture theme, but perhaps pushing an inflation play out further’ post.
Gold (GLD) vs. SPY
GLD vs. USO
While gold vs. the S&P 500 has not done much yet, I want to show a view of gold vs. a couple market leaders, the Russell 2000 and Biotech index, looking constructive.