Yesterday, just as AAPL was plumbing its intraday lows ahead of its earnings announcement, and just as gold was about to break out to the upside (at least until Dennis Gartman turned bullish on the metal) we relayed a "rumor" suggesting that the most sturdy pair-trade of the past few months: the AAPL-Gold compression was Ben Bernanke's #timestamp for the day.
Rumor Bernanke is pitching the AAPL-gold compression trade
— zerohedge (@zerohedge) July 23, 2013 [4]
Sure enough, following yesterday's AAPL spike and today's gold take-down, Bernanke Asset Management can claim one more win in its impeccable recommendation track record.
GAAPL Filled...
[5]
As the strangest correlation [6] continues to re-gather pace...
[7]
Charts: Bloomberg
(h/t @Not_Jim_Cramer)