"'I beg you, father, send Lazarus to my family, for I have five brothers. Let him warn them, so that they will not also come to this place of torment.’ Abraham replied, ‘They have Moses and the Prophets; let them listen to them.’ No, father Abraham,’ the rich man said, ‘but if someone from the dead appears to them, they will repent.’ And Abraham said, ‘If they do not listen to Moses and the Prophets, they will not change and repent, even if someone were to rise from the dead.’” Luke 16:27-31
19 May 2008
Comparison of Changes in the SP 500 and Gold
These are the 12 week simple moving averages, looking at the year over year changes in each. Consequently, some of the kicks, bangs and thrills of the daily action are flattened out into trends.
As you probably recall our theory is that gold is involved with the carry trade action.
Interesting relationship between rock and paper. Who's got scissors?