Here is a fascinating email from a KWN reader regarding Egon von Greyerz and the Dow/Gold ratio.
Egon von Greyerz And The Dow/Gold Ratio
January 7 (King World News) – The following email regarding Egon von Greyerz’s latest article, which includes a chart, was sent to KWN from one of its global readers: Hi there, pertaining to Egon von Greyerz’s most recent article on the DOW/Gold ratio, here’s a chart I just whipped up. It is in log form on the right axis.
DOW/GOLD RATIO: Look For Gold’s Outperformance vs Stocks To Accelerate
Note the drop off the blue horizontal resistance zone, right in the sweet spot of Fib retracements. And then the ascending wedge which typically breaks downward as it has with this very explicit break. Likely a tepid bounce up now to retest the broken support line, and then if it follows normal price action, a massive push down (in the Dow/Gold ratio). Let’s go bitchez…
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PS. Egon is a smart guy. His articles, though rather depressing, reflect the reality of the situation I believe. Cheers.
KWN has now released the outstanding audio interview with Bill Fleckenstein discussing what he believes is in store for the stock market, gold, silver, bonds, China, and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO RELEASED: Boockvar – Here is the real reason why gold and silver remain on a tear CLICK HERE TO READ.
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