Today, the S&P 500 made a round trip back to where it was when QE2 was officially announced in November. So much for printing our way to prosperity...
Over the same timeframe, Gold has done this:
As a result, the S&P 500 priced in gold ounces is extremely close to the March '09 lows. The S&P 500 costs just 0.73 oz of Gold. What a steal!
Can I interest anyone in a QE3?
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.