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I regularly review my earlier analysis and comments.

In a prior article, I discussed the spot price of physical gold and the Philadelphia Gold and Silver Sector Index (XAU). As I expected, gold´s price has indeed surged higher with the collapse seen in the equity market. The inflation-adjusted price of gold is approaching its all-time intraday high from the year 1980.

Also, seemingly, the XAU has broken out to the upside (must stay above the 154 level), so I am anticipating higher index levels. However, I am still waiting for its ratio to gold´s price to rise above the 8.2% mark. That would be the first indication of the share prices of gold and silver miners beginning to catch up with and outperform the price of their underlying yellow metal.

Price of Gold – Quarterly Chart

Gold´s Inflation Adjusted Price – Quarterly Chart

XAU – Monthly Chart

See my prior article here:

Inflation-Adjusted Gold Price Nearing $3000 | TalkMarkets

I also urge readers to examine my previously posted articles related to the price of gold, as listed below in chronological order, and compare what I said then to what has taken place since:

Tech Giant Stock Prices Versus Gold´s Price At Critical Inflection Point | TalkMarkets

Nasdaq 100 Indices Vs. Gold Price At Critical Point | TalkMarkets

Promising Long-Term Gold Price Formations | TalkMarkets

Is Gold Price Ready To Take Off? | TalkMarkets

More By This Author:

Leadership And Breadth In The U.S. Equity Market
Financial Sector At Important Inflection Point
Inflation-Adjusted Gold Price Nearing $3000