Post by jeffolie on Apr 12, 2012 9:27:19 GMT -6
Gold/XAU Ratio peaking like it did in 2008 WOW
"The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008."
In my scenario, the recent pullback represents a temporary and expect volatility normal in the approaching peak of markets for a May to June period, normal pattern of "sell in May and go away" to be followed by a decline from the May to June period peak.
In the jeffolie BIG PICTURE prediction all remains in place for a selling opportunity to be followed in the coming rounding top for a multi year decline.
I opened this post with "The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008." 2008 like today was an emotional peak which included fear. 2008 was not like today in stock index levels, quite the opposite ... 2008 was the end of a waterfall collapse of the main street businesses and the Wall Street & banking operations whereas today our economy falsely appears according to government projected economic standards to have a small growth pattern. Even so, the fear level across the world among investors is similarly reaching a peak as in 2008 portrayed in the actual "The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008."
Stocks are doing the " climbing a Wall OF Worry" WOW proven by the fear shown in "The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008." In the jeffolie BIG PICTURE this WOW is exactly as it should be expected. The last leg up WOW will be pulling in some bears who are late to this move up that I called with 85% confidence at this forum last September when the S&P 500 index was at 1075 and I posted it would most likely to up to 1500. Now, that this WOW pullback appears to be over and the index has pulled back below 1400, the last leg up has begun most likely to the 1500 area.
"The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008."
In my scenario, the recent pullback represents a temporary and expect volatility normal in the approaching peak of markets for a May to June period, normal pattern of "sell in May and go away" to be followed by a decline from the May to June period peak.
In the jeffolie BIG PICTURE prediction all remains in place for a selling opportunity to be followed in the coming rounding top for a multi year decline.
I opened this post with "The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008." 2008 like today was an emotional peak which included fear. 2008 was not like today in stock index levels, quite the opposite ... 2008 was the end of a waterfall collapse of the main street businesses and the Wall Street & banking operations whereas today our economy falsely appears according to government projected economic standards to have a small growth pattern. Even so, the fear level across the world among investors is similarly reaching a peak as in 2008 portrayed in the actual "The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008."
Stocks are doing the " climbing a Wall OF Worry" WOW proven by the fear shown in "The Gold/XAU Ratio is now above 10 for the first time since the crisis of 2008." In the jeffolie BIG PICTURE this WOW is exactly as it should be expected. The last leg up WOW will be pulling in some bears who are late to this move up that I called with 85% confidence at this forum last September when the S&P 500 index was at 1075 and I posted it would most likely to up to 1500. Now, that this WOW pullback appears to be over and the index has pulled back below 1400, the last leg up has begun most likely to the 1500 area.