Right now ExactPrice is showing gold ripping up with the stock markets. In fact the other metals are following. Gold as I type is $1,093.90. If it can hold today above $1,080 I think will be happy. But to make even more happy it will have to do the same tomorrow.
That said there is an article I think worth reading and the writer points our something I’ve noticed for a while now, gold has been tracking with the S&P500.
But every time I look, there they are. Gold and the S&P500. Right at the same level. Minute by minute, session by session…ever nearer.
It’s a long article.
This second article from Business Week just tells me that the administration is telegraphing a rise in taxes upon the middle class, so get ready for it.
Why he used the word ‘agnostic’ I don’t know. Seems an odd choice of words or perhaps that is the point. Confusion of the masses.