Gold Plunges $28, Plus Look At These Shocking Charts

With the Dow rallying 500 and gold tumbling $28, here are a few shocking charts.

Gold Correction
February 4 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank:  Gold correction could turn semi ugly below $1557/oz (key Fibo)

Gold Correction Could Become More Aggressive

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Gold vs Copper
Ole Hansen, Head of Commodity Strategy at Saxo Bank:  The Gold (spot) / copper (LME) ratio has slumped to a level only surpassed twice in recent history. When gold surge in mid-2016 on North Korea tensions and when copper slumped during the 2008-09 global financial crisis.

The Correlation Between Gold & Copper Is
Hitting A Level Only Seen Twice In History

King World News note: Here is a look at a 170 year chart of the Copper to Gold Ratio (see below).

King World News note: Here is a look at Gold’s Massive outperformance vs Copper (see below).

KWN has now released a great interview where Bill Fleckenstein discusses what to expect in the gold market, the stock market, bond market, commodities and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

Silver And The US Dollar
ALSO RELEASED: Important Look At Silver And The US Dollar CLICK HERE TO READ.

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