Revising the Dow:Gold – A Negative Monthly Close
Doc and I have been watching the Dow:Gold ratio for over a year now. This chart (below) is what gives us confidence that the metals will start outperforming the risk on assets near year end and into next year. Unfortunately the ratio is above the 200 month moving average which is throwing this narrative on its head. Listen to the comments because it is not all bad… for now.
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Click on the chart to enlarge.