AAAU - Signalling A Boom-To-Bust Transition

August, 17 2021 02:05 AM Goldman Sachs Physical Gold ETF

2 things that always happen at or prior to the start of a boom-to-bust transition for the US economy. One is a clear-cut widening of credit spreads. The other is pronounced weakness in the Industrial Metals Index (GYX) relative to the gold price.
There are many different credit-spread indicators. We use three, one of which is the US High Yield Index Option-Adjusted Spread (HYIOAS). Over the past month, this indicator has risen slightly from a 10-year low.
Neither of the indicators that in the past have always warned prior to the start of a boom-to-bust transition for the US economy is currently close to triggering.

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