Mark Hulbert: The underappreciated gold-platinum ratio has a powerful message for the stock market

The surprising forecast of the gold-platinum ratio

DEK: The gold-platinum ratio has an enviable track record forecasting equities

CHAPEL HILL, N.C. — This incredible bull market in stocks is getting support from a most unlikely source: The ratio of gold to platinum.

You could be excused for thinking that gold GCQ19, +0.25%GLD, +0.00% and platinum PLV19, +0.24% prices have little to do with the stock market, much less the ratio of the one to the other. But researchers have found that this ratio has a better track record than many of the more widely known valuation metrics that get the lion’s share of investor attention.

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