OTCPK:KRCLF - Post by User
Post by
cleareyeon Apr 12, 2023 11:25am
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Post# 35390721
$Gold:$SPX - stuck at 0.49
$Gold:$SPX - stuck at 0.49After someone's comment on the ratio of Gold over spx I have plotted it out every day on Stockcharts as $GOLD:$SPX.
Commentators have suggested that when this ratio goes over 0.50 then it will indicated that Gold is on its way higher, as exemplified in history going back 50 or more years. In fact, it is considered an event that happens once or twice in a lifetime.
Someone on this board quoted from those commentators last weekend and I apologize because I forgot who it was, and I can't find it.
So, we have and interesting battle brewing. I see that gold shot up this morning and then fell off. This is typical of Wednesday traps, from my experience.
However, for the last few days gold to spx has been pretty sticky at around 0.49.
I wonder what it will be tomorrow? So far, gold's up a little, spx is down a little. Will it be enough to move the needle? Or, are we hitting a bump in the road?
Charts are too mesmerizing.
cleareye.