my thesis remains unchanged.. buy the bargain territory before the second wave of inflation starts... last time we had both the DXY rising and XAUUSD rising together was the GFC period.. and eventually the USD broke lower and gold kept running..its the canary in the coal mine.. the commodity super cycle is starting .. the ratios are all brewaking down for a massive capital rotation event.. thte last to fall for us is the currency pair AUDUSD
SPX/Gold ratio.. lef shoulder centre head .. goild bottomed while ratio poeaked.. right shoulder gold has been front running the move by 6 years
the breakdown is happening now.. in real time.. as of the March candlestick
Dow Gold ratio.. same picture.. gone
will there be an inetrim rotation to the EUR for instance temportrily.. possible, gold is the place to be until it breaks aout against oil
SPX to XJO ratio.. still a jelly wrestle for the rollover, but i wouldnt be putting my chips in the SPX at that elevation
the last and most pathetic performer of the all is the AUDUSD
will we be running before the break out.. i expect so.. but as of right now.. we havent broken the down trend since the GFC
will WDS react differently to other energy stocks having dual listing.. i dont know. im expecting the accessibility would play i our favour
the second wave of inflation is about to begin and it will dwarf the first wave.. thats the bottom line.. the capital flows will be a tidal wave over individual company performance
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