U.S. Large Cap Stocks Capital Appreciation Index (LCSCAI); S&P 500 to S&P Gold Ratio (GPM)*:
* S&P Gold from 1945, Barron's Gold Stock Index from 1939-1945, Homestake Mining:
Sunday, October 24, 2010
The Strong Follow Capital Flows While Weak Follow Fear
The strong continue to recognize and follow strength while the weak are dismantled from the trend by disinformation and fear. The break of the 2009 swing low suggests an acceleration of the out performance of gold stocks relative to equities. This likely acceleration is illustrated by the green arrows in the chart below.
U.S. Large Cap Stocks Capital Appreciation Index (LCSCAI); S&P 500 to S&P Gold Ratio (GPM)*:
* S&P Gold from 1945, Barron's Gold Stock Index from 1939-1945, Homestake Mining:
U.S. Large Cap Stocks Capital Appreciation Index (LCSCAI); S&P 500 to S&P Gold Ratio (GPM)*:
* S&P Gold from 1945, Barron's Gold Stock Index from 1939-1945, Homestake Mining:
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