FALLING XAU/GOLD RATIO

XAU/GOLD RATIO HAS SIGNALLED THAT IT SHOULD GO DOWN

The XAU/GOLD ratio has signalled that it is going down which means that the entire precious metals complex should be weak. And the gold shares are expected to be weaker than the price of gold bullion. The daily chart of the ratio above shows that the uptrend from the July low has been violated and if the ratio should close below 0.1054 it would in all probablity mean that it is going down.