Wednesday, April 25, 2012
S&P to Gold Ratio
Below is a longer term chart of the ratio of the price of the S&P 500 to the GLD ETF (the data source I'm working from doesn't have the physical gold price). It shows that despite the S&P rally since October and the pullback in gold, the "currency agnostic" value of the S&P (priced in gold) is still below where it was this time last year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.