The Gold/Swiss Franc ratio has been the leading indicator of Gold for years
I pay a lot of attention to Gold priced in Swiss Francs (Gold/Swiss ratio). It has been a leading indicator for years.
The advance this past week has put the Gold/CHF ratio near all-time highs. A decisive close above CHF 1643.7 would be an all-time high and would indicate further strength, possibly an advance to CHF 1835/oz. The charts below show the Gold/CHF ratio on a monthly, weekly and daily basis.
Markets: $GC_F, $GLD, $USDCHF