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S&P / Gold ratio update

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  • S&P / Gold ratio update

    A few piccies for the technical analysts amongst you, to put the recent moves into a long tem perspective:


    (note the failed challenge on the 200d moving average)




    And a couple of charts to do with the real economy:

    Attached Files
    It's Economics vs Thermodynamics. Thermodynamics wins.

  • #2
    Re: S&P / Gold ratio update

    Your charts are almost as pretty as my big mound of gold.



    Only less valuable.
    "...the western financial system has already failed. The failure has just not yet been realized, while the system remains confident that it is still alive." Jesse

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    • #3
      Re: S&P / Gold ratio update

      I don't have the data at hand, but as I recall in Jan/Feb 1980 the SPX was approximately 120, so at the $850 high spot gold sold for about seven times (7X) the price of the S&P 500.

      (The smile is for those who own a lot of gold; the frown is for everyone in our country, since it won't be a pleasant time.)

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