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XAUUSD Relative to US Gov't Bonds (20 Yr) -Ratio turned trend up

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Comments on the chart.

This is plot of the ratio of GOLD (XAUUSD) divided by TLT (US Gov't Treasury Bonds - 20 Year Duration).

The downward regression appears to be no longer in charge of the decline.

How far up could it go from here? Time will tell. Maybe 10% after 3% setbacks along the way, is my guess.

Tim

April 28, 2015 9.51 Ratio of XAUUSD/TLT

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