It is interesting to see gold rising while the global sharemarkets decline.
We can measure these moves with the Dow/Gold Ratio.
Looking at the short term we see a trend reversal with a breaking of the wedge formation.
Looking at the larger picture it appears that we are at the same place as the trend reversal in 1975.
Perhaps now we will see a new market where gold doesn't get sold off on market declines but rather Gresham's Law comes into effect as the world's investors seek gold's safe haven status.
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