DJI30 hit 38,2% retracement and on Monthly 162 expansion abc wave, but this could turn into 12345 next month, if we stay in this range somewhere till the end of March. I doubt that this is 4th wave bottom of an impulse as in chart so I expect either moving in range or proceeding down to 16500 zone where we could significantly bounce in 24000 zone. Then I think all this money printing could burst in the right direction toward 0,00, remember in 1929 DJI30 fell more than 90%. Only FED & Co could initiate buying indeces into new all time HH, in my opinion it is still too much to pay 14 ounces for a share of DJI30.
DJI30 in silver bahaves strange and it does not losing worth, at least not a lot, recently it is even gaining.
DJI30 in gold fell a lot, almost 43%, and this is scarry to me, gold is gaining against falling DJI30.
This suggests (to me) that
XAUXAG ratio could extend all the way to 150 zone or even to 175, which is absolutely insane. So here are two calculations.
First if ratio stays in range 125
R | = | 125 |
XAG | | XAU |
12 | = | 1.500,0 |
11,75 | = | 1.468,8 |
11,5 | = | 1.437,5 |
11,25 | = | 1.406,3 |
11 | = | 1.375,0 |
10,75 | = | 1.343,8 |
10,5 | = | 1.312,5 |
10,25 | = | 1.281,3 |
10 | = | 1.250,0 |
9,75 | = | 1.218,8 |
9,5 | = | 1.187,5 |
9,25 | = | 1.156,3 |
9 | = | 1.125,0 |
8,75 | = | 1.093,8 |
8,5 | = | 1.062,5 |
8,25 | = | 1.031,3 |
8 | = | 1.000,0 |
7,75 | = | 968,8 |
7,5 | = | 937,5 |
7,25 | = | 906,3 |
7 | = | 875,0 |
and second, if ratio expands to 150
R | = | 150 |
XAU | | XAG |
1480 | = | 9,9 |
1430 | = | 9,5 |
1380 | = | 9,2 |
1330 | = | 8,9 |
1280 | = | 8,5 |
1230 | = | 8,2 |
1180 | = | 7,9 |
1130 | = | 7,5 |
1080 | = | 7,2 |
1030 | = | 6,9 |
980 | = | 6,5 |
930 | = | 6,2 |
880 | = | 5,9 |
830 | = | 5,5 |
780 | = | 5,2 |