Is it time to lighten equities and go overweight gold?

١٥ يوليو ٢٠٢٠

Chart shows the S&P 500 to Gold Ratio and an indicator column chart of the distance of price from the 36 simple moving average. As the the ratio peaks (more gold to buy the S&P) and the distance between price and the 36 MA crosses below the zero line it's time to go long gold and lighten equities. The chart shows the transition periods between gold to equities and equities to gold.

Looks like we are entering the go long gold phase. How long will it last? Is it time to lighten up on equities?