DOW JONES : GOLD ratio
Updated
Pretty self explanatory.
I don't believe in a major (greater than 20%) stock market crash this year, but soon, maybe Q4 2019 / Q1 2020. As you see the dow:gold ratio has broken up above 10 year pivot signalling further moves to the upside.
I guess stocks still bullish for now.
I don't believe in a major (greater than 20%) stock market crash this year, but soon, maybe Q4 2019 / Q1 2020. As you see the dow:gold ratio has broken up above 10 year pivot signalling further moves to the upside.
I guess stocks still bullish for now.
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Gold (yellow), silver (grey), dow:gold ratio (orange). Metals ideal entry/exit points Comment
oops forgot the lines... Comment
Trade War: China vs USA youtube.com/watch?v=aHSSDQYaIjQComment
Doom merchants are doing the rounds. Like ticks they have been waiting, dry and shriveled now they sense blood. Is this the End? Is this 1929? No not yet...The Dow:gold ratio is retesting this support after breakout:
More and more I feel dow:gold is the truest chart. The gauge between fear and greed.
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Here is a long-term, 116 year chart of Dow:gold from 1900 to 2016 ibb.co/mzqNKUSeems to possible patterns: rising wedge (red) within a megaphone (blue)
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Looking at this ratio again, we see that the crash did happen as the previous cycle pattern suggested. I still believe the next decade will be a boom time for US equities based on this.
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