Very interesting chart of the relationship of GLD and MO over the last 5 years. By dividing MO price into GLD price we see that there is a definitive correalation to the two equities which are both affected by the US dollar trade. It is however curious how the channels and the fibonacci's of a such a ratio could provide trade trigger points. In this relationship the higher GLD and the lower MO is the higher the graph point and conversely the lower GLD is and the higher MO is the lower the graph point.
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