a plague o both your houses

Chart of the day is…

…ten days of gold bullion (GLD proxy) versus the US broad markets (SP 500 proxy):

Love it. It’s a Rorschach.

(EDIT: Reader C writes in with “It was Colonel Mustard in the conservatory with the candlestick“, which is worthy of applause)

Seriously though, all the freakin’ dumbass goldbugs wringing their hands about a $20 drop in the price of gold this morning should stare awhile at that chart. If they can’t learn something to their advantage from it or chip away at their idiotic bias in doing so, they should just give up trying to play the market. Today’s market moves are of very little consequence, up or down, so the IKN advice is to either a) relax or b) take Chopper at his word.

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