One of my key intermarket analyses centres on the relationship of Gold in Ozzie Dollars to the All Ordinaries Index.
Today, the ratio chart of Gold:XAO decisively broke to the upside of an important Moving Average. This MA has defined the current bull market (albeit in an inverse fashion) since it started.
This is just another piece of evidence for the medium term bearish case.
Here's the chart:
Cheers
Red
snippets - 30/10/09, page-17
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,284.7 |
Change
-33.700(0.41%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,318.4 | 8,318.4 | 8,274.3 |
| XJO (ASX) Chart |