{"id":488505,"date":"2021-02-06T15:25:11","date_gmt":"2021-02-06T20:25:11","guid":{"rendered":"https:\/\/goldtadise.com\/?p=488505"},"modified":"2021-02-06T17:27:11","modified_gmt":"2021-02-06T22:27:11","slug":"back-to-gold-opinions-requested","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=488505","title":{"rendered":"Back to Gold: Opinions Requested"},"content":{"rendered":"<p>The ratio chart of Gold to the S &amp; P 500 is <em>NOT<\/em> acting well. For me this is a cause for real concern so I took about 1\/3rd of my metal holdings to CA$H on January 25th.<\/p>\n<p>This ratio chart illustrates my concern. (It has a 46-Month Simple Moving Average that correlates <em>very closely<\/em> with the 200-Week SMA.)<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-SPX-Monthly-LOC-with-RSI-Study-02-05-21.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-488504\" src=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-SPX-Monthly-LOC-with-RSI-Study-02-05-21-300x137.png\" alt=\"\" width=\"574\" height=\"262\" srcset=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-SPX-Monthly-LOC-with-RSI-Study-02-05-21-300x137.png 300w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-SPX-Monthly-LOC-with-RSI-Study-02-05-21-800x366.png 800w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-SPX-Monthly-LOC-with-RSI-Study-02-05-21-150x69.png 150w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-SPX-Monthly-LOC-with-RSI-Study-02-05-21-1536x702.png 1536w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-SPX-Monthly-LOC-with-RSI-Study-02-05-21.png 1750w\" sizes=\"auto, (max-width: 574px) 100vw, 574px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Here&#8217;s why I&#8217;m soliciting opinions from my learned colleagues on GoldTent:<\/strong> the S &amp; P 500 is Market-Cap Weighted and the following <a href=\"https:\/\/www.investopedia.com\/top-10-s-and-p-500-stocks-by-index-weight-4843111\"><em><strong>5 stocks<\/strong><\/em> make up <strong>24.1%<\/strong><\/a> of this index &#8211;\u00a0\u00a0 Apple, Microsoft, Amazon, Facebook, Tesla and Google. With the exception of Bezos&#8217; Baby they are the Tech Darlings to the managers of OPM (other people&#8217;s money).<\/p>\n<p>Now take a look at the ratio chart of Gold to the New York Composite (NYA)<\/p>\n<p><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-NYA-Monthly-LOC-with-RSI-Study-02-05-21.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-488503 aligncenter\" src=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-NYA-Monthly-LOC-with-RSI-Study-02-05-21-300x169.png\" alt=\"\" width=\"572\" height=\"322\" srcset=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-NYA-Monthly-LOC-with-RSI-Study-02-05-21-300x169.png 300w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-NYA-Monthly-LOC-with-RSI-Study-02-05-21-800x450.png 800w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-NYA-Monthly-LOC-with-RSI-Study-02-05-21-150x84.png 150w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-NYA-Monthly-LOC-with-RSI-Study-02-05-21-1536x864.png 1536w, https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/02\/Gold-NYA-Monthly-LOC-with-RSI-Study-02-05-21.png 1600w\" sizes=\"auto, (max-width: 572px) 100vw, 572px\" \/><\/a><\/p>\n<p>The <a href=\"https:\/\/www.investopedia.com\/terms\/n\/nysecompositeindex.asp\"><strong>NYA<\/strong><\/a> is also cap-weighted, but it contains 2,400 stocks and is NOT dominated by those you can count on the fingers of one hand. Could the domination of and fascination with the Tech Darlings be the reason why the ratio chart of $GOLD:$SPX is giving a bearish signal against the yellow metal?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ratio chart of Gold to the S &amp; P 500 is NOT acting well. For me this is a cause for real concern so I took about 1\/3rd of my metal holdings to CA$H on January 25th. This ratio &hellip; <a href=\"https:\/\/goldtadise.com\/?p=488505\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2818,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-488505","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/488505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2818"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=488505"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/488505\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=488505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=488505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=488505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}