Gold Miners versus Gold : the moment has come to buy.

It is time to consider being LONG Gold Miners / SHORT Gold.

The chart speaks for itself. The ratio is not at absolute low however below the low of 2008 and within the low area [12 24]

There is a 4 years cycle 2008-12-16-20-24 alternating low and high. Final low is expected this year.

After which the ratio will rise up until 2028.

Should 24 be challenged (supported by rising Gold prices), then P&F chart theory suggests that the bullish trend will target 48

It can be observed that EURUSD follows the same 4 year cycle. Therefore we are bullish on the European Currency.