1. DXY recent retracement is getting worse, to Gold's benefit 2....

1. DXY recent retracement is getting worse, to Gold's benefit
2. As shown in Gold/GDX and Gold/DXY ratios, gold equities starting to find some love again
3. That said, compare where we're at now against 27 Jun, DXY about the same level, but Gold is about $20+ lower than it was. So Gold is not doing as well as it should, and Gold equities is rising because stocks are rising
4. XGD has moved much more than it did back in 27 Jun when Gold was about current level. XGD is some 800 pts higher now than back in 27 June
5. XGD/AUD Gold ratio is 2.29x which is much higher than 1.8-2.0x ratio back then, in other words, Aussie gold equities are well ahead of where Gold is at.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8
0		27 Jun 22	3 Jul 22	26 Jul 22	16-Oct-22	21-Oct-22	18-Nov-22	05-Dec-22
1	GOLD (USD)	$    1,840	$    1,813	$    1,716	$ 1,650	$    1,658	$    1,750	$ 1,808
2	GOLD (AUD)	$    2,650	$    2,656	$    2,480	$ 2,650	$    2,600	$    2,624	$ 2,644
3	DXY (USD INDEX)	104.02	105.12	106.94	113.30	111.88	106.97	104.18
4	BITCOIN (BTC) (USD)	$ 21,291	$ 19,249	$ 21,082	$   19,157	$ 19,202	$ 16,701	$    17,317
5	BITCOIN (BTC) (AUD)	$ 30,717	$ 28,220	$ 30,480	$   30,928	$ 30,182	$ 25,048	$    25,296
6	XGD	5238	4918	4910	4682	4570	5517	6046
7	GDX	$    29.66	$    28.16	$    24.68	$ 22.72	$    24.34	$    27.37	$ 29.92
8	S&P500	3,906	3,825	3,967	3,583	3,753	3,964	4,066
9	BTC/GOLD (USD)	11.57	10.62	12.29	11.61	11.58	9.54	9.58
10	BTC/GOLD (AUD)	11.59	10.63	12.29	11.67	11.61	9.55	9.57
11	GOLD/GDX	62.04	64.38	69.53	72.62	68.12	63.94	60.43
12	GOLD/DXY	17.69	17.25	16.05	14.56	14.82	16.36	17.35
13	XGD/AUD GOLD	1.98	1.85	1.98	1.77	1.76	2.10	2.29