This week marked a momentous breakout for gold, achieving all-time highs and carrying profound implications for the precious metals market. The strength of this breakout, closing the week and the month with authority, suggests a significant shift in market dynamics.
One crucial development is the Dow-to-Gold ratio’s breakdown, coupled with a perfect backtest. This breakdown, occurring after a three-year consolidation period, hints at the possibility of a broader macro trend shift in precious metals and the mining industry.
The historical significance of the Dow-to-Gold ratio’s breakdown is underscored by its 25-year triangle breach. This event could indicate that gold is poised to outperform the general stock market in the coming phases, presenting a valuable insight for institutional investors.
As the gold market touches all-time highs with minimal fanfare, this breakout could mark the beginning of a new era for precious metals. The Dow-to-Gold ratio’s breakdown serves as a critical chart in understanding the next macro trend, signaling a potential historical asset paradigm shift.
Institutions are urged to pay attention to these developments, recognizing the potential for a significant shift in the dynamics of historical asset performance. This breakout underscores the growing importance of gold as a potential outperformer against the broader stock market.
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This was one of the most critical weeks for precious metals I can recall. ⁰⁰Gold broke out from a triple-top with authority closing the week and the month at all-time highs.⁰
What comes next? ⁰⁰Given the magnitude and scale of current debt imbalances, gold in Japanese yen… pic.twitter.com/oeGYHa69tD— Otavio (Tavi) Costa (@TaviCosta) December 1, 2023
Gold has been touching above all-time highs after a 3-year consolidation, without much fanfare. pic.twitter.com/lZf84mq6YL
— Lyn Alden (@LynAldenContact) December 2, 2023
#Gold hit fresh ATH following dovish Powell and lower long-term (real) interest rates. pic.twitter.com/V7Wp3X6xsu
— Holger Zschaepitz (@Schuldensuehner) December 1, 2023
The Dow-to-Gold ratio now has a breakdown below its 25-year triangle, and a perfect backtest.
Very important chart for the next macro trend.
Historical asset paradigm shift.Institutions – wake up!#gold is now set to outperform general stock market.
So it begins. #commodities pic.twitter.com/TB8HhhOzSX— Graddhy – Commodities TA+Cycles (@graddhybpc) November 30, 2023