yes it looks promising here GJ. go back a step and the backtest...

yes it looks promising here GJ.
go back a step and the backtest held
it also shows the formula holds. If US Fed drops rates then our commods have a lift
market is now back pricing in odds of a rate drop next week

if rates do not drop or not as much as expected then our commods have another backtest but writing is on the wall. rates to drop over next few months before next challenge to the market

the beauty of gold is that it is also a safeguard. if we have an october Black Swan (and i am not expecting one) then gold and everything falls but gold recovers first then goldies then the rest

note to self. buy goldies on next cycle in years to come when rates high and expecting a drop. it is a good safeguard for the gold macro, leaving aside safety in the market

question for me is what happens when rates are dropped. i expect another year for this cycle to play out but will see

also iron ore green overnight. is that the low or more to come? i am waiting but would not surprise me either way