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Gold Miners versus Gold : the moment has come to buy.
VanEck Gold Miners ETF
Long
Gold Miners versus Gold : the moment has come to buy.
By FRED-RABEMAN
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Mar 16
3
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1
1
Mar 16
It is time to consider being LONG Gold Miners / SHORT Gold.
The chart speaks for itself. The ratio is not at absolute low however below the low of 2008 and within the low area [12 24]
There is a 4 years cycle 2008-12-16-20-24 alternating low and high. Final low is expected this year.
After which the ratio will rise up until 2028.
Should 24 be challenged (supported by rising Gold prices), then P&F chart theory suggests that the bullish trend will target 48
It can be observed that EURUSD follows the same 4 year cycle. Therefore we are bullish on the European Currency.
Trend Analysis
FRED-RABEMAN
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