1 reply to this topic

[Cirrus]

I didn't put this post on the gold board simply because I think the action in gold, the XAU and the SPX are related. When the XAU has performed poorly it has tended to bleed over to the general market. The bigger warning is when the XAU is performing poorly AND the Gold/XAU ratio is fairly high--like now. I still think we are close to a bottom...in the XAU. BUT; the stuff I watch either says this bottom is THE bottom or the next bottom. See the XAU and SPX ratio chart I posted under Airedale's outstanding XAU cycle post. It seems like every 4th 11-14 week period the XAU puts in a more significant bottom.

[dharma]

i cant decide that either, it doesnt much matter to me, as i am long and waiting for lift off , off this year long base. on the hourlies the xau/hui are oversold and diverging. we @the least get a bounce here. dharma