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The " fortune trigger"
Should I buy GOLD .....or NOT? Perhaps this excellent article by "The Soverign Society" entitled "Fortune Trigger may have the answer!
The article says that when an ounce of GOLD goes for the same price as the S&P 500 Index or the SPX/GOLD ratio is 1 ..it is EXTREMELY Bullish for GOLD!
To find out EXACTLY what the ratio is for today .....simply go to www.stockcharts.com and enter the following information.
1. $GOLD:$SPX
2. PERIOD: WEEKLY
3. PREDEFINED RANGE: 3 YEARS
4. LINE: SOLID
5. INDICATORS:NONE
You will see currently that the ratio is ALMOST one ....In my opinion when the line goes SLIGHTLY above one........LOCK AND LOAD ON GOLD!
Anyone have comments on this indicator?
The article says that when an ounce of GOLD goes for the same price as the S&P 500 Index or the SPX/GOLD ratio is 1 ..it is EXTREMELY Bullish for GOLD!
To find out EXACTLY what the ratio is for today .....simply go to www.stockcharts.com and enter the following information.
1. $GOLD:$SPX
2. PERIOD: WEEKLY
3. PREDEFINED RANGE: 3 YEARS
4. LINE: SOLID
5. INDICATORS:NONE
You will see currently that the ratio is ALMOST one ....In my opinion when the line goes SLIGHTLY above one........LOCK AND LOAD ON GOLD!
Anyone have comments on this indicator?