When rhetoric inevitably deceives your mind, it's always your ability to fly by instruments, i.e. your discipline, that prevents a panic crash. While rhetoric hypes gold, ultimate safe haven, as no longer needed in a recovering economy, it affects only those that lack the ability to fly on instruments.
It's a secular bear market in stocks price in ounces of gold (constant currency). Cumulative momentum readings above zero, circled in the chart below, tend to highlight inflections within the downtrend. Capital will rotate en mass once the setup is right.
NYSE Composite to Gold Ratio:
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