"Nobody Could've Seen this Coming" Is a Horse Sh1t Wall St. Lie
I was monitoring this ratio throughout 2019. Anyone following this could've seen that Gold was beginning to take US stocks's lunch money.
You can clearly see that US stock outperformance over Gold ended in late 2018. You can then see that a series of lower highs and lower lows were formed, and you can also see that multi-year rising trend support was violated with volatility behind it.
The trend already started, if you're late to the game, hop on now. Gold is going to outperform EM equities and US equities for YEARS.
It's my view that 1250-1300 (25%) is the max potential drawdown for Gold. For the S&P 500 and the Russell, the max drawdown is closer to 60-90%(!!!)
We are entering an extremely serious debt deflation. I like US Dollars and Gold as my two biggest allocations.
Also, if no one told you yet, stay the hell away from USO
You can clearly see that US stock outperformance over Gold ended in late 2018. You can then see that a series of lower highs and lower lows were formed, and you can also see that multi-year rising trend support was violated with volatility behind it.
The trend already started, if you're late to the game, hop on now. Gold is going to outperform EM equities and US equities for YEARS.
It's my view that 1250-1300 (25%) is the max potential drawdown for Gold. For the S&P 500 and the Russell, the max drawdown is closer to 60-90%(!!!)
We are entering an extremely serious debt deflation. I like US Dollars and Gold as my two biggest allocations.
Also, if no one told you yet, stay the hell away from USO
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I'm shorting the Fuc* out of RUT
Do not be surprised if this ratio breaks wayyyyyy down