David Bird says the Gold-to-Dow ratio may be signaling a major low for precious metals, raising the question of whether the sector has bottomed. He points to th

David Bird says the Gold-to-Dow ratio may be signaling a major low for precious metals, raising the question of whether the sector has bottomed. He points to the ratio’s April 2024 breakout after earlier cautioning on weaker equity cycles and fading Magnificent 7 leadership.