Gold prices closed at record levels today, but what’s even more significant:
The gold-to-Nasdaq ratio is currently on the brink of breaking out from a historical resistance.
Here is a reminder that this ratio surged 13x from the peak of the tech bubble in 2000 to 2011.… pic.twitter.com/UUVG14HImK
— Otavio (Tavi) Costa (@TaviCosta) August 12, 2024
Gold Miners are poised to Outperform the S&P 500 – after 4 years of underperformance.$GDX $GDXJ $GLD $GOLD $SPY pic.twitter.com/50RnetUaHZ
— Rock Bottom Entries (@RockBtmEntries) August 9, 2024