The current extreme level was only reached once before in Oct. of 2000. Perhaps dreams do come true.
http://stockcharts.com/c-sc/sc?s=$GOLD:$XAU&p=D&st=2000-06-01&i=p34047920879&a=132381513&r=572.png
GOLD:XAU ratio chart
Started by
Mike
, Aug 06 2008 08:30 AM
4 replies to this topic
#2
dharma
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Posted 06 August 2008 - 08:55 AM
nice charts mike. these extremes are back up the truck type investing. dharma
#3
johngeorge
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Posted 06 August 2008 - 09:24 AM
Mike<br>Thanks for your charts. You always bring good stuff to the board. <img style="vertical-align: middle;" emoid="
" src="http://www.traders-t...ault/smile.gif" border="0"> <br>I did not load up the truck this am, but, bought 1/3 positions in GDX and DGP. Looking to add on any pullbacks.<br><br>Best to you.<br><br><br>
" src="http://www.traders-t...ault/smile.gif" border="0"> <br>I did not load up the truck this am, but, bought 1/3 positions in GDX and DGP. Looking to add on any pullbacks.<br><br>Best to you.<br><br><br>
Peace
johngeorge
johngeorge
#4
johngeorge
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Posted 06 August 2008 - 02:04 PM
Seems I cant pass up what I perceive as a bargain. 
Bought a starter position in RGLD this pm.
Good trading to all.
Bought a starter position in RGLD this pm.
Good trading to all.
Peace
johngeorge
johngeorge
#5
gvc
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Posted 06 August 2008 - 02:24 PM
whether looking at the xau:gold chart or the inverse..gold:xau, you'll see that the rsi has reached the level last seen May 2006 timeframe and we all know what happened then... gold tanked. If the gold stox lead gold then they are forecasting a gold crash here. If gold does crash, then the stox should outperform gold on the decline. In May of 2006 Gold led the stox higher to create the extreme rsi readings. This time the stox are returning the favor by leading gold down????
