AAAU - No Gold Bull Yet

August, 31 2021 02:55 AM Goldman Sachs Physical Gold ETF

The measuring stick is critical when determining whether an asset is in a bull market. If a measuring stick is losing value at a fast enough pace, then almost everything will appear to be in a bull market relative to it.
That’s where the gold/SPX ratio (the US$ gold price divided by the S&P 500 Index) comes in handy. Gold and the world’s most important equity index are effectively at opposite ends of the ‘investment seesaw’.
In the past, crosses through the 200-week MA by the gold/SPX ratio have been useful in confirming changes to gold’s long-term trend, although there were two false signals (October-1987 and March-2020) that resulted from stock market crashes.

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Company Name:	Goldman Sachs Physical Gold ETF
Stock Symbol:	AAAU
Market:	NYSE