Interesting chart, S&P 500 versus Gold spot price. In terms of gold, S&P is at Fall 2008 levels!
Click to enlarge
And here’s the same relationship but with Gold in terms of S&P:
One of those things that are useless for short-term trading but interesting to look at – the big picture.
$SPX is candles, U.S. dollar is the black line. Not always perfectly correlated, but clearly that’s the game for now.
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More info @ Questrade
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