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Gold/CRB points towards a high in gold in Q2Ross Clark Gold has outpaced the rally in the CRB Commodity Index since the ratio generated daily and weekly downside Capitulation alerts in June 2022. The 38% retracement from October 2023 into the higher low on January 15th completed a daily Sequential 13 countdown combined with a weekly Setup (nine consecutive closes below four weeks earlier) and an oversold Springboard at the 50-week EMA. The peaks in the ratio (Oct '24, Feb '20, Feb '16, Feb '09, Jan '02, and Feb '99) have been followed by a correction (now in place), a daily 9 Sell Setup in the ratio and top in spot gold five to eight months later. This points toward a high in gold in Q2 with interim support around the 20-week EMA ($2750). (Click on image to enlarge) ### Ross Clark
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