The ratio chart of Gold vs Stocks shows that things may not be good for Gold going forward. This chart had given a breakout a few months ago and we had highlighted that in this blog. However it seems to have failed.
The MACD has now gone below the 0 line and Gold is below its 50 month Moving average.
This shows things can remain bad for Gold and positive for Equities going forward.
The above chart of Gold shows this weakness. It may be prudent to bet on bullish Equities and bearish Gold.