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Tuesday, August 9, 2011
Gold-SPX Ratio... Target hit
A target it just a target, not necessarily a termination point. If I could make charts terminate wherever I want, I would rule the world. Instead, I just obey what the charts say and this one says it may be time for bully to come out and play for a little while and the barbarous relic to cool its heels in relation. But this chart still remains really bullish for Au-SPX. Just look at that monthly MACD.