Gold / Dollar Ratio says Nothing is Happening
As you well know, we are watching the Gold / Dollar ratio for a signal that a real stock market rally is ready. So far, since mid December 2009, the ratio has been treading water, some ups and downs but no confirming action that would say either double dip or sustained recovery . In the meantime we still are looking for a selloff into the value zone for stocks. By value we mean under the trend line price/earnings as we are in a secular Bear Market.