One of the most important pairs charts I follow is $AW01//GC, which is the All World Equity Index divided by Gold futures prices. After months of waiting, the pattern finally completed, and the rally right now is accomplishing nothing more than a retracement to the bottom of the pattern. The next logical move would be a hard swoon lower, blasting below lows set earlier this month.
How long will it take? Who knows. Weeks? Months, maybe? But I have every confidence it’s coming.
