Failed Top in the Dow/Gold Ratio

It’s been an incredible week in New Orleans with the whole crew and some of our closest friends.

There’s nothing like getting together in person — sharing ideas, and looking at the market from every angle.

JC opened with his “State of the Markets,” highlighting the hottest ETFs.

Strazza broke down his Breakout Multiplier strategy, and Sean followed with some live trades.

Riley covered robotaxis and flying cars, Louis talked crypto, and Rick closed with speculative tech.

But the moment that really stood out to me was the conversation around Gold.

JC and Brien Lundin brought up the Dow/Gold ratio, and the chart couldn’t be more compelling.

What we’re looking at here is a potential massive failed top.

The ratio recently broke down below key support, but instead of following through lower, it snapped right back above that level.

That’s a classic failed breakdown, and it often leads to powerful moves in the opposite direction.

If this ratio keeps pushing higher, it suggests capital is flowing back into stocks, particularly tech, and other risk-on areas.

Cheers,

Alfonso

P.S. If you want more insights on gold, check out ASC Gold Rush — you can join risk-free right here.