What the Gold to S&P 500 ratio is telling us RIGHT NOW!

Welcome to Chart of the Month for August 2026 with The Contrarian Capitalist and Tom Bradshaw.

4 small bits of housekeeping

* This video was recorded on Saturday 15th August 2026 AM UK Time.

* None of this is to be constituted as investment or trading advice. We are NOT financial advisors.

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Bullet Pointed Transcript via AI (for those that don’t have time to watch the full video)

* Gold-to-S&P ratio chart shows a long-term bullish cup-and-handle pattern since 1974.

* A major resistance line connects peaks from 1980, 2011, and 2026.

* Past hits to this line caused big pullbacks (98% then 78%); the next retest may break higher.

* Today the S&P is much more overvalued than gold (about 6 times more).

* Gold can outperform the S&P either by rising faster or by falling less in a market drop.