If we are going to use the CCI-Gold ratio as an important indicator to global economic contraction, we might view its recent bounce as making sense with respect to a broad global asset market bounce (incl. commodities) and in the US, a break upward from the recent nerve wracking ‘swing phase’ of volatile ups and downs in the stock market.

NFTRH managed the bullish stock market break in real time and I personally positioned accordingly. But I am not going to go all ‘Dow 30,000′ on you in Armstongian fashion. I am simply going to note that the indicator above has made a cyclical trigger (most recent red arrow) and its companion, the Palladium-Gold ratio is looking none too good either (though the MA’s have not triggered).

If these act as they historically have, they are a ticking clock. This clock ticks painfully slowly, but it is ticking for the economy none the less.