Loading ...Here is a quarterly chart with a well established downtrend, going back to 1996 and a well established up trend , going back to 2016…..with the ratio having almost no range left….without breaking out…..
Here is the monthly chart…where recent action can be either an Inverted Head and Shoulders base forming, which if so and the right shoulder is @ equal in time to the left ..says we have @ another 7 months of misery…..or if we call very recent action a bull flag, then we should run higher this month, as the pole and flag are both 6 months…..
I used the XAU as I have more historic data for that than the HUI…..