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Au Vs. Industrial Metals

|Includes: SPDR Gold Trust ETF (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.

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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