Can I steal some more from Bikoo?
After seeing Bikoo’s chart on silver to gold ratio vs spx… I decided to expand further out his research. The correlation indicator seems to be a good momentum indicator for the price of gold. Seems we are just exiting a bear phase, with a hiccup along the way. When the correlation crosses into positive territory, we should see upwards price acceleration.
Another indication that we are VERY early in this potential next leg up.
Check out Bikoo’s original post https://goldtadise.com/?p=450501
The spikes in the silver to gold ratio also coincide with the blow off top and end of gold bull run.
Thanks Patrick. On weekly chart COR is already positive.Need monthly to get moving soon.
Cool. Didn’t think of checking the weekly. Side thought.. wondering if the blimp on monthly correlation is the last effect of QT. Now that the tightening is over… spx and silver will go higher together again.