This ratio is not a friend to the economy nor the financial markets when it is in decline. We have been following the Palladium Gold Ratio for over a year in NFTRH, first to gauge the coming of an economic bounce (check) and now the coming of its end (potentially in process).
Here is a daily chart showing some bearish signals, but the weekly chart and moving average cross overs is what we watch in NFTRH for the real signals, along with lots and lots of other really geeky macro charts.
Palladium = Positively correlated to the economy relative to gold.
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