October
9

Gold > S&P 500

Topics: macro
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For the first time in decades, gold futures (GC) are trading above S&P 500 futures (ES).

gold vs s&p500

(click to expand)

This should set up a major snap back for the miners.

DISCLOSURE:  Long a bunch of junior miners, mostly under water.

Comment 1 Post Comment

1 Comment for

Gold > S&P 500

  • Mark | October 11th, 2008 at 7:11 pm

    yes, those have been poppy. Crazy times though. Who knows what is going to happen to gold. If we have high inflation and yields stay like this its a sure thing imo like 70s but we might actually be looking at deflation with the banking situation. Good trades though.

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