The "Gundlach Indicator" Is Exhibiting a Familiar Pattern

Stocks have totally decoupled from reality, but copper and gold have not. This is as pretty a chart as you'll see and the fact that it's a chart of a RATIO testifies to just how "smart" gold and copper both are. The last two uptrends have been presaged by highly symmetrical wedge patterns and if history is any guide we're only a few weeks away from another topside break.