Some things become more obvious when you change your point of view. Some decisions are easier to make when we change the measure of value. And today I would like to share with you the gold bug’s view of the stock market.
Chart 1. The S&P 500 Monthly In Grams Of Gold
The chart above represents the price dynamics of the S&P 500 in grams of gold. I used grams not ounces to make the chart more readable. You can do the same by dividing the S&P 500 value to the price of gold in troy ounces and then multiplying it by 31.1035. [Read more...]