Note: Well, a normal post became embittered and vitriolic by the end. What better place to post it than SoH, a renowned bullshit-free zone?
Note: Hey, go check out the new NFTRH.com. I think it’s pretty cool.
An update on Gold vs. stock markets, as at yesterday’s close. These charts have improved today, but there is still no conclusive change in trend in gold vs. stock markets. There could be some short-term chop if for example, SPX decides to rise again (I am not necessarily buying – or should I say selling? – today’s post-FOMC drop, though I have started to position that way, while holding a few longs that are doing just fine today) to the upside target of 2040 +/-.
[confusing language alert: the above attempts to say that I still hold a few longs but started shorting the market on yesterday’s post-FOMC hysterics] (more…)