Updating gold ratios to other markets using associated ETFs
Sure, gold is a pretty and heavy object that people fall in love with (and express their love with). But it is also a primary market indicator here in NFTRH land. When it rises vs. cyclical ‘risk’ markets it implies rising risk in those markets. When it rises vs. inflation sensitive markets, it implies waning inflationary pressure. Generally, when gold rises in relation to markets and assets positively correlated to the economy, the indication is for a counter-cycle, an economic contraction.
Here’s the most recent snapshot by daily charts.
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