I like it…
The POG ratio is on the ropes 120000/DXY, will it finally break the CB’s?
Euro Gold is on the move up, DXY up & $US Gold up…..beautiful
The POG ratio is on the ropes 120000/DXY, will it finally break the CB’s?
Euro Gold is on the move up, DXY up & $US Gold up…..beautiful
Thanks for the heads up Red
Your Formula yields 1263 Gold
about $50 premium right now
That’s about 4%
Do you have an idea what a normal deviation is ?
Roughly +/- 3% has been typical for the last 18 months.
May 15 smashing brought it to 0% deviation FWIW. This current deviation has been swift and has occurred in the face of the rising DXY.
As previously stated Euro Gold is as important as $US Gold IMO. Europe controls 30% of the world’s wealth and the North America controls 33% of the world’s wealth? Charting 100% in $US makes no sense IMO?
Do your own due diligence
GLTA