Christopher Aaron, Founder of iGold Advisor and Senior Editor at the Gold Eagle website, joins us to outline the technical set up behind why he believes both gold and US general equities will make all-time highs in 2024, but that only one of those moves will be legitimate and sustainable for the following decade. We start off looking at a chart showing the pricing correlation between both the gold price and the Dow index pricing. We further discuss the increasing correlation in pricing on a long-term 40-year Dow:Gold ratio chart; highlighting the large compression triangle it has been in for many years now. Christopher makes the point again, that this is the most important chart for all investors to keep track of, because it is getting ready to resolve in the next two years in one direction or the other.
Next we shifted over to short-term charts of the pricing action divergence we’ve seen in silver by way of the ETF (SLV) as a proxy ,versus the Global X Silver Miners ETF (SIL); as well as the divergence in gold by way of the ETF (GLD) as a proxy, versus the VanEck Gold Miners ETF (GDX). In both cases, even though these trends are only a few weeks old, Christopher expects to see more action like this of equities outperforming the underlying metals in the year to come. He wraps us up with why he feels a big move is coming in the PM stocks, especially at the tail-end of the rally to come over the next 1-2 years, where historically the equities and silver will put in their largest percentage gains.
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Click here to visit the iGold Advisor website to keep up with Christopher’s market commentary.
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