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Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
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  • Au Vs. Industrial Metals 0 comments
    Aug 29, 2012 10:07 AM | about stocks: GLD, IAU

    The pecking order kind of goes like this... Au -> Ag -> Cu -> Sn, etc.

    Here is a look at gold vs. the broad GYX index of industrial metals.

    (click to enlarge)

    Oh yes, that's a Cup in the making. It should eventually break upward, form a Handle that would break upward if the pattern holds true; and then you can wave bye bye to the fantasy of man-made economic growth because when gold out performs the positively correlated stuff in a big way, we are in full throttled economic contraction.

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    Stocks: GLD, IAU
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