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Date Posted: 14:03:57 08/31/19 Sat
Author: Philbond007
Subject: Gold/TNX : ratio is gold divided by 10yr yield: Monthly charts

It's been a while since I've looked at this ratio, but w/all this interest rate blather going on, I figured it's worth a look, & I've gotta say, it's telling.

These are monthly charts, so it's worth keeping that in mind.

Note the TOPPING PATTERN that's been pointed out so many times on my charts in the past, & there it is again, not once, not twice, but now going on the THIRD time since July 2012.
This is illustrated using the TWO CHARTS shown below.

* First chart shows the same pattern repeated twice. The first pattern started July 2012 & ended July 2016. The second pattern started July 2016, & is IN PROGRESS as denoted by question mark.

* Second chart shows the same pattern, but it's a combination of the first two patterns, which started July 2012 & the END IN PROGRESS as denoted by question mark.

So I'm thinking the ratio moves higher in gold's favor, & once that top's completed, it looks like a slow steady grind for years in the opposite direction. I have NO CLUE when the top will be in, perhaps many months, who knows. What appears to be more clear is this will be a SIGNIFICANT TOP once it happens.

So we wait & see:





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