GLD:DBC Ratio Making Progress

For the gold bull market to resume in earnest, we will want to see the recent trend of gold outperforming commodities continue. I’ve posted a daily chart of the ratio, and it shows today (Monday) that GLD is making another new recovery high for this bounce versus the DBC etf, which tracks the DB commodity index. If the trend has changed to going higher once again, there is still lots of potential upside. We might have some resistance in the area of the horizontal trend line, especially considering how sharply the ratio has moved higher, but after a little consolidation period I expect to see this ratio move much higher over time. Note the ratio sits above all moving averages as well, and how easily it cut through them all with little resistance.