Why is this chart so important? Because, along with the Gold/SPX ratio it shows us when the true the CAPITAL ROTATION phase begins. Precious metals may well suffer if a major market liquidity event unfolds, but it's these ratios that are key to what comes next
https://x.com/NorthstarCharts/status/1792174099936006187
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Why is this chart so important? Because, along with the Gold/SPX...
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