Wednesday, August 10, 2011

SPY vs. GLD

Where as there was a correlation between GLD and SPY moving together lately, in the most recent parabolic stock drop the correlation has flipped inverse, obviously a sign of panic. The panic is legit, however if the EU pulls something out of their ass it means stocks will knife higher and gold will collapse. This tells me that any QE3 announcement will be a sell the news in gold event.




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