The Daily Gold, Released on 5/12/21
The Gold to S&P 500 ratio chart and gold stocks to S&P 500 chart shows a bottoming pattern in the 1960s, which appears very similar to today. These ratios are in a big, long-term bottoming pattern and they could be emerging from a significant low from a few weeks ago.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.