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Mark Hulbert: This little-known but accurate market predictor says stocks still have their mojo

Gold is losing its glitter — but platinum has performed even worse. All of which is good news for the stock market.

That, at least, is the conclusion of an academic study by Darien Huang, a former finance professor at Cornell University, and Mete Kilic, a professor of finance and business economics at the University of Southern California. They found that the gold-platinum ratio is a good stock market predictor; it’s bearish when the ratio is low, and bullish when — as it is now — at high levels.

In fact, the ratio today is at its highest level in more than 10 years.

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