DOW-TO-GOLD RATIO

The Long-Term Trend (Monthly values) is decreasing (favorable to Gold), but it is slowing down as the negative momentum is weakening. Closing Value (May 31): 2.13.
The Medium-Term Trend (Weekly values) is positive (favorable to S&P500), maintaining positive momentum. Closing Value (June 23): 2.26.
The Short-Term Trend (Daily values) is increasing (favorable to S&P500), but there are sings of starting to move sideways, with strengthening negative momentum. Closing Value (June 23): 2.26.