FYI: Can gold help predict the direction of the stock market? One little-known ratio based on the price of the yellow metal has a good track record of doing just that—and investors should be cheered by what it’s showing now.
Gold, of course, is one of the best-performing asset classes this year, with a gain of 17.7%. Its strong performance has led to a renewed focus on any of number of market indicators that key off gold trends. But with a few notable exceptions, most of them do not stand up to statistical scrutiny.
Regards,
Ted
https://www.barrons.com/articles/this-gold-ratio-says-the-bull-market-for-stocks-will-continue-51566553501?refsec=commodities
