Daily Charts - Stocks & Gold are both Expensive
1.Stocks & Gold are both Expensive 🧐
And there's a good reason...
These two asset classes have been riding similar waves over the past few years; hinting that the Liquidity/Debasement trade is the dominant force here. $S&P 500(.SPX)$ $Gold - main 2512(GCmain)$
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2.Gold is Expensive
Commodities are Cheap
It's time to start thinking about (and preparing for) a great rotation between gold and the rest of commodities.
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3.Gold Bulls take note...
Big Bulls often feature Long Waits
We're 5-months into the current consolidation, the last big bull saw 3 major periods of consolidation lasting 12-18 months.
Perspective.
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