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Market Now Just 15% Above 666 Lows, 22% Off 2010 Highs, When Priced In Gold
It may come as a surprise to some that when the market's performance is expressed in the opposite of infinitely dilutable paper, we are currently just barely 15% higher than the generational S&P low of 666. As the chart below demonstrates, the S&P expressed in gold is plunging, and has dropped 22% from its 2010 highs, down 18% from the beginning of the year, and just 15% higher than March 5, 2009. As Russia and GLD have been demonstrating so aptly over the past 5 months, gold is not dilutable, and can not be contaminated with various Greek sovereign bond holdings. It is, in summary, pure, and is immune from that strain of 100% lethal, and printerborne, Central Banking syphilis where one's paper rots off. Which is why the Dow may easily pass 36,000. The issue is that at or about that time, the Dow to Gold ratio will be 1. Note also, the downward channel in the SPX/Gold index: each day this channel is not broken, is another day that Bernanke pops a few extra Ambien.
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Anyone know what charting software or webservice Tyler uses above?
I think its called, Wizzardtrumpet charting tools...if you google it, it will be on page 112.
Bloomberg. Just dont ever call it a 'webservice' ever again as you get people who can be very offended (see above).
On May 4th I called the end of the March 2009 bear market rally.
The proprietary indicators I use in my technical analysis can identify trend changes before they occur.
http://stockmarket618.wordpress.com/about
I like PMs. Silver more than Gold for potential price appreciation. But I think that if the S&P tanks, like it seems to be in the process of doing, then we get a "risk-off" trade, and that includes Gold. My view is that we may get a mini version of 2008 right now.
In my opinion, the real parabolic move in Gold isn't about to happen yet. I am watching Silver - if it breaks the previous high around the 21 area, I think we are on the verge of that parabolic move in both Gold and Silver.
Of course if I am wrong, I will switch to the other side in a heartbeat, but that is the way I am playing it right now.
All IMHO etc...
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps