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SPY is heading lower. We had the bounce early this week which proved to be very weak indeed. I think we may have seen the top in SPY for this cycle. The fundamentals are atrocious.

Re. gold:

[ATTACH=full]196399[/ATTACH]

With the market value of US official gold back to only 7% and a multipolar world clearly re-emerging, the chart above suggests that gold may be one of the cheapest assets on the board. It would need to triple just to get back to 1989 valuations relative to foreign-held USTs, and would have to rise nearly 20x to return to 1980 levels relative to foreign-held UST.

Gold has plenty of space to grow into.

We will see gold $4000oz this year.

jog on
duc

[QUOTE="ducati916, post: 1323412, member: 2975"] SPY is heading lower. We had the bounce early this week which proved to be very weak indeed. I think we may have seen the top in SPY for this cycle. The fundamentals are atrocious. Re. gold: [ATTACH type="full"]196399[/ATTACH] With the market value of US official gold back to only 7% and a multipolar world clearly re-emerging, the chart above suggests that gold may be one of the cheapest assets on the board. It would need to triple just to get back to 1989 valuations relative to foreign-held USTs, and would have to rise nearly 20x to return to 1980 levels relative to foreign-held UST. Gold has plenty of space to grow into. We will see gold $4000oz this year. jog on duc [/QUOTE]

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