Loading ...GOLD:XAU-ratio
Behold approx. 40-year RATIO monthly chart. When this ratio rises it informs us that Gold-socks are declining faster in value compared to $GOLD. Observe the 2015/2016 ratio-high @ 24 when Gold Stocks crashed to their most extreme low ever measured.
This chart informs us that GOLD stocks are still in a downtrend hence the BLUE up-trending PARABOLIC line. A Bull in Gold Stocks will arise in earnest once this ratio BO-DOWN this parabolic line; somewhere @ 13.50-13.00 depending on TIME.
YELLOW Sine Wave and Light BLUE charted cycles project a ratio-low somewhere end-2033/34 equals NEXT GOLDS STOCKS TOP.
Still, the ratio can make a RUN going higher – possibly during 2024 when taking the smaller two charted blue cycles into account. Possibly (but not necessary) into September-2024 when marking the next RED Vertical FIB line.
Do I observe a RED dashed BULL FLAG for this ratio forecasting a crash in Gold Stocks? The rule of thumb of any (bull/bear) FLAG is, it will return to its’ beginning . . . therefore this ratio could go for a DOUBLE TOP @ 24-ish from where the BULL for Gold Stocks will start in earnest possibly a 10-year BULL RUN, the REAL ONE (2024/25-2033/34). So Crash & Burn once again for Gold Stocks before a TRUE FENIX arises.
For the short term and based on a Monthly closing: let us see how the month closes for this ratio when taking the MMA(20) @ 14.58 and MMA(50) @ 14.82 into account. When FEB-23 closes above these ratios… not good for Gold stocks Bulls. When ratio BO-UP the RED dashed BULL FLAG @ 17-ish, Duck & Cover as the Crash for Gold Stocks by then is (already) on its way.
IMO DYODD.
Excellent post, Nightingale – many thanks!!
perhaps the 2024 event will be the fake election in USA again. Or will they even allow one. During war can they not cancel elections , read something of the sort before. Gotta break the Americans and their currency to get the final ok. Time flies so no worries, enjoy what we can eh !
Highroller, you are absolutely right as for TIME. IMO, the concept of TIME has changed and still is rapidly changing. When observing TIME these last few years is like each new second is being shortened by a mili-mili-second. So time goes faster. Stil same second-after-second only faster. Just count slowly 1 – 2 – 3. Now count little faster 1 – 2 – 3. Now bit more faster 1-2-3 and you still have the same counted ‘seconds’ but faster. Earth or MAGNET SPINNING faster? C er N?
As for reason eg. LABEL or why is less important to me while a waste of time to put any effort in as mostly one will be wrong anyway as another unforessn LABEL POPS UP. I am more interested in the concept of TIME; behold my charts with concept of CYCLES & TIME.