we are about 1 cent away from breaking a 13 year downtrend in...

we are about 1 cent away from breaking a 13 year downtrend in the AUDUSD
there is a reasonably strong correlation to the mining to gold ratio and the currency moves
if there was more data available for the miner to gold ratio, say 50 years, i think the peak was near double what it is in this timeframe

AUD/USD


AUDUSD correlation to XGD/XAUAUD



thats my guess of the EW count on the XGD.. EW is not the most reliable technique in my opinion, it tends to be only provable correct or incorrect too late, but i still look at it just for fun



SIlver AUD... yes i know a bigger cup and handle goes back to 1980.. the data is not available here



SPX to Gold ratrio still in the warm up lap, but the big difference between the right shoulder and the left and head is on the previous 2 gold bottomed exactly as the ratio peaked and retested its low 2 to 3 years later before taking off. This time gold has been front running the ratio top by 6 years.


Gold Silver ratio is already moving in silvers favour, I think our many years in the wilderness .. for those of us who have positioned (many years) too early is just about over. the last run of the XGD lasted about 6 or 7 years... a similar duration run would bring us through to 2028/2029 .. i feel we might get a big correction there followed by a huge run into late 2030's ..say 2038

gold silver ... chart lower for silver outperforming