Catch-up Time
If gold miners getting a boost from high gold price and FED liquidity… then they could be running hot until early summer.. and then stall/consolidate/correct in late July.
So, gold could keep creeping higher.. and wait on all-time high area 1700-1900 until.. stocks falter/stall/correct (including miners) this summer!
This would also be a good time for Silver to catch a bid and follow the miners, as it usually has the same breakout timing.
As with all ratios, other combination of price movement could have that ratio drop..ex.. everything goes does the blackhole, just one faster than the other.
I’m hoping for the “stall” and “up” scenario (inflation), versus the “fall” and “fall faster” scenario (deflation).
Notice the peak for gold week of Nov 16th 2020. (versus spx of course!). Or could just fly higher!
You must work these charts 24/7, Patrick. When do you sleep?
Hey SilverBoom! I get ideas for chart any time during the day… either inspired by something I read recently.. or then a combination of clues I have obeserved in the past. Then I send my self en email so my future self can do a chart and see if my theories actually fit. (And that spins off into another idea… another email.. another chart… it just NEVER ends). Doing the actual chart is pretty fast when you already have an idea what to draw.. or what you want to expose. And with a great tool (tradingview.com) and practice.. its faster and faster. This chart in particular took less than 30 minutes.. maybe 15.
A fascinating look inside the head of a compulsive chartist (CCD – compulsive chartist disorder) 😉
LOLOLOLO
Now you mention it… maybe I do have an issue … ;(