The XAU:gold ratio is on the cusp of a positive cross of the 200 and 600 WMAs for the first time in 30 years.

That being said NOTHING is guaranteed.  Defeat was snatched from the jaws of victory back in 2008.

In order to prevent the cross this time, I think we are going to have to see a similar crash in the ratio if not even more severe.  Pathetic stuff.