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Chart Of The Day: Gold, Oil, SPX...All Moving Up Together

Published 07/25/2016, 12:01 AM
Updated 07/09/2023, 06:31 AM

Just as I've said, all assets—gold, SPX, oil, CRB—are going up together. Sure, there will be brief periods where something will diverge for few weeks or months. But the natural state of markets during periods of global QE is for everything to rise.

Analysts assumed that gold was in a natural bear market. It wasn't. I continue to see clueless analysts expecting the stock market to collapse and gold to soar.

If the stock market collapses it would be a massive deflationary event. Well, during a deflation gold is going to crash as well. We aren't going to have deflation. Everything is screaming that inflation is coming.
Gold:SPX:WTIC:CRB Daily

Latest comments

Mr. analyst ... EUR/USD at 0.81-0.83 at the end of 2017 and/or during the first half of 2018 means ... inflation ?!? .... . ... just asking :) ...
how about DXY at 120 and over 120 next year ? It means ... inflation ?!? ..... :D ?
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