[RT] Re: [TimeandCycles] XAU ratio

[Ben <profitok@xxxxxxxxxxxxx>]

Hello Jay

gold is  close to a real buy

attach is my long term trading

an official buy is when the blue line goes from under the lower band to above it

(that did not happen yet)

however

we are not on the floor,, but under the floor

so risk to the down is VERY small

upside potential   over 125

Ben

p,s

adding fuel to fire there is also a bullish divergence

price at lowest but the indicator is NOT

----- Original Message -----

From: Jay Strauss

To: TimeandCycles@xxxxxxxxxxxxxxx

Sent: Tuesday, August 05, 2008 6:31 PM

Subject: [TimeandCycles] XAU ratio

the GOLD to XAU ratio is reaching near 6000, and is at 5.94, and that
is way above the usual and customary range of 4.50 to 5.00 over the
last 2 years or more.

Is that signaling a LOWER market or higher;

In other words, is a high ratio near 6.00 considered a buy or sell?

the opposite end is at the 3.00 level

I had some old charts but misplaced them

Jay

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