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Gold has been having a great run, but is it getting too expensive? How about compared to stocks? Let’s look at some ratio charts to hopefully get some insight on that.
First is the All World Index divided by gold futures. The topping formation is still forming. If it completes, it certainly implies that stocks are going to get destroyed by gold’s performance. Wouldn’t that be a nice change?
Baby Bear brought this to my attention – – the gold miner EQIX has broken above its lifetime resistance trendline.
Palantir should have all the advantages right now as a stock. The market is making lifetime highs every day, and there are very few companies that can make the “AI” claim as loudly. In spite of that, they are weak, which suggests to me that if the /ES should ever collapse by, let’s say, a tenth of a percent, this stock could be especially weak.
