Au-SPX Ratio big picture...

Say, guess what barbarous relic, unowned and disrespected by the Oracle of Omaha and 90+% of everyone else, is doing on the big (monthly) picture in relation to the stock market?  As of yesterday's close, it was trying to break out of a wildly bullish Symmetrical Triangle.

Put simply, anyone buying the broad US market would do much better in the (price fixated) casino by simply buying the ancient relic.  As a bonus, one gets insurance protection (and actual monetary value) from a system falling apart.

Too bad people like Warren, George and TV clown Larry lead mass audiences astray with lazy thinking.

From NFTRH143:  "The monthly ‘big picture’ chart of gold measured in SPX units below appears to be forming a bullish Symmetrical Triangle (continuation) pattern. The ratio can decline short-term to the lower triangle line and EMA 35 as/if market relief rallies continue. But on the bigger picture, this looks good as the over bought status coming out of Armageddon ’08 is now worked off."

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