Wednesday, April 17, 2013

Long term Gold versus the DOW

I included the DOW for perspective only and to demonstrate that during the current reflation/deflation era, shaded in blue, risk assets more or less traded together. Prior to that Gold was more of a fear instrument and traded counter to the dow. Thanks to GreenSPIN and BURNanke and company there are no hedges anymore unless they rely on unsound counterparty risks ultimately at JPM or GS.

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