New iteration of fed balance,gold,dxy correlations -for clarity added fed total balance as line to the chart,candles for dxy and gold, text info on the chart. Currently gold vs dxy looks still very very 2013 - but even if it's 2013 - this can take time to resolve completly.
s3.tradingview.com/s...shots/w/wWHwOaux.png if we go further in time with gold and dxy - since 2003 fed balance sheet has been increased by 1000% - last time we had 2013 bullmarket we got increase 500% from start - this is exactly when dxy crossed up again and gold was weaker. this year if we messure from that date up to now (if the indicator is right) we got same amount of increase % wise.
s3.tradingview.com/s...shots/w/wWHwOaux.png if we go further in time with gold and dxy - since 2003 fed balance sheet has been increased by 1000% - last time we had 2013 bullmarket we got increase 500% from start - this is exactly when dxy crossed up again and gold was weaker. this year if we messure from that date up to now (if the indicator is right) we got same amount of increase % wise.
Comment:
looks like confirmed aswell.
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