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Gold: Clues in Unusual Places Revisited
This week, we will revisit a blast from the past when we looked at three fun ratio charts back in June, 2023 to see if we could pick up any clues about the future direction of the Gold price. I have updated those charts, as they have progressed as expected but not sit at important inflection points. The first chart I have updated is that of Gold vs. the Bureau of Labor Statistics' Producer Price Index of Lumber and Wood Products. Two years ago, we speculated that the current 14-year bull flag might breakout, and we can see that indeed it did. Those of you who swapped investments in lumber for Gold at that time would ... (full story)
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