Loading ...My Master Piece!
The Fed is in progress of GUARANTEEING gold’s bottom…
The more they print.. the more probable gold won’t go much lower.
Especially if gold is above an inclining 12 month or 30 week moving average.
When they stop printing (or print less fast)… and gold catches up.. DON’T get greedy!
Channel of Gold vs Fed Total Assets has been well respected since early 2000’s.
Errata (like usual) : “Gold vs Fed Total Assets” > “Fed Total Assets vs Gold”
Pretty Incredible piece of work Patrick
You’re an ambitious Son of a gun
🙂
Interesting chart Patrick. If I’m reading it right, it’s showing that gold is going to continue falling into a ‘major bottom’ in a few months from now. Do you think that means gold is going to test the edge of the arc at approximately $1500 ?
Damm Northstar.. you are right.. sometimes I draw a chart… have a bias in my head.. and mis interpret my own work! I’m soo flawed! Number one. I wrote gold to fed asset ratio.. but its the inverse. Indeed ratios can go in a specific direction.. with a combination of movements of items in equation. Anyways.. right now ratio is 3743. So 6 363 100 (fed total assets) / 1701 (gold). Upper boundary is about 4800. So if gold sticks around 1700.. and fed goes to 8 000 000.. we get that ratio. Then ratio goes down as gold starts outpacing fed printing. So when we go back down to lower boundary at 3k. A fed at 8 000 000 and gold at 2666 would give that ratio.