...Gold can't decisively break out without equities market moving towards a bear market.
...When Gold/SPX ratio rises to and above 0.5 , that's when it gets really interesting. But it won't be easy. Eventually yes.
To get to 0.5, for Gold at $2,500, SPX (S&P500) needs to drop to 5,000 (>10% correction).
Gold rising to $3,000 while SPX stays under 6,000? A $500 jump in Gold price is a 20% rise.
There is one chart to watch for the next 12 months and this is it - The CAPITAL ROTATION confirmation chart. It could very well determine where fortunes are made and lost
https://x.com/NorthstarCharts/status/1830173215458553887
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