This shows Real Estate in terms of Gold
Updated
VNQ is close to breaking down vs Gold. Means Gold more favorable than VNQ if it breaks down.
Why it matters:
Why it matters:
- Assumption 1: If this long macro cycle rolls over, it is better to own Gold than VNQ.
- Assumption 2: If better to own gold than VNQ, is it better to own Gold vs SPY? That too is about to roll over.
Note
Here is the link to the Gold vs SPY: 
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