Monday, September 29, 2014 5:43:37 PM
That's if DXY keeps pushing, as the driving force in gold falling, then the dow/gold ratio indicators probably won't have much influence trying to feel for a turning point in a gold bounce.
Technically, DXY could climb, Gold sideways and DJI fall, the ratio would still come down as an appearance of a asset class shift, but deceitfully nullifying the ratio chart theory for use in short term Gold bottom fishing.
I put more weight into DXY than the ratio, but I'm tracking the ratio for study and future use.
More than likely I will start scaling long Nugt tomorrow, see how your low 24's call holds up in the bank! :D
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