Spring Forth

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I know the fastest way to get yelled at is to dare whisper that precious metals will one day actually go down in price. Because – I know, I know – Bernanke, QE2 through QE9, fiat money, and – may God have mercy on us – Old Turkey.

But my Parisian friend Serge sent this fascinating analog between the SPX early this year and the current GLD. It's beautifully rendered and worth a look: