If the ratio returns to 20, the Dow could go to 18,000 and gold could drop to $900
$DJIA, $DIA, $GLD, $GC_F, $YM_F
I try to pay little attention to what markets do intraday. The closing price each day is really all that matters. The most important price of the week is the Friday close. Why? All the HFT systems are flat — all the day traders have gone home. The Friday close is the price determined by traders willing to hold a position over a weekend.
Should Gold close at or near current levels ($1532), it will be the lowest Friday close in 21 months. A massive top may be completed today. Gold bulls, take this seriously … very seriously.
$GC_F, $GLD
ChartWizardsNFT Sample Report – September 2024September 22, 2024 - 10:22 pm
So you want to be a full time trader? Good luck with that one!August 17, 2024 - 6:47 am
Looking for success in all the wrong places. This is the description of 95% of those wanting to be full-time traders.August 6, 2024 - 11:29 am