MARKET CORRECTION CONTINUES

Gold/XAU Ratio 5.03 This ratio is now over 5 indicating favorable buy territory.
Today's CENTRAL FUND OF CANADA CEF Premium/(Discount)is 8.24%. Another way to track gold investors’ sentiment is by watching the CEF discount/premium. Over the last few years, a good buy signal was when the premium fell to 3-4%. When the premium reaches 12% or higher, CEF investors should be on sell alert. The chart above is monthly - many of the short term movements are smoothed. In the past couple of years the premium has approached 20% on several occasions.