Gold has been doing miserably on negative news in Europe. As a result the Dow/Gold ratio has been going up since Europe has been implementing LTRO I and LTRO II late 2011. I believe we will have support now at Dow/Gold ratio of 9 and it could be time to sell the Dow and buy gold (Chart 1).
In
this article I go deeper into the "China play" on this gold dip.
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Chart 1: Dow Gold Ratio Short Term |
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