Why Precious metals are the only Trade that matters: SPX / GoldSPX/XAUUSDSP:SPX/OANDA:XAUUSDJunkyard_MentatRatio charts are REALLY useful: they allow us to see clearly which is the fastest horse in the race. In this case we can see that stocks are on a long term downtrend vs gold, have taken a very old monthly swing low but have continued bearish order flow off a weekly FVG aiming and liquidity below. In my mind this is very clear: the only thing I really want to be long is precious metals as they are the fastest horse in the race and they aren't done yet.