0
0

Economic Boom? Stocks Still in Correction Territory


 invite response                
2018 Aug 1, 4:15pm   1,932 views  7 comments

by NuttBoxer   ➕follow (0)   💰tip   ignore  

Chart represent how much gold it would take to buy one of every stock. So much for that economic recovery, might want to invest in something else...

https://stockcharts.com/h-sc/ui?s=%24INDU%3A%24GOLD&p=W&st=1996-01-01&id=p29889929658&a=609690719

Comments 1 - 7 of 7        Search these comments

1   Rin   2018 Aug 2, 5:52am  

Gold was in a long term bear market, up until 2006 ...



With that in mind, equities and gold have been teeing off one another pretty well.
2   marcus   2018 Aug 2, 6:35am  

NuttBoxer says
Stocks Still in Correction Territory


Either that, or gold was wildly under priced back in 2000
3   NuttBoxer   2018 Aug 2, 10:58am  

marcus says
Either that, or gold was wildly under priced back in 2000


Gold and silver's value tends to rise and fall in direct correlation to economic stability.
4   Rin   2018 Aug 2, 12:57pm  

NuttBoxer says
Gold and silver's value tends to rise and fall in direct correlation to economic stability.


Actually, it's currency stability and really, since 2006, most fiat currencies were suspect, including the Pound Sterling, Euro, Yen, and USD ... 90% of all globally traded currency pairs. Politically speaking, no one really believes that any of the aforementioned nations can defend their currencies indefinitely with their respective central banks.

And thus, you see an actual vis-a-vis correlation, between the price of equities and that of gold, starting from that time period. So the next correction in equities, needs to be tied to the relative high post-2006, which was in fact, 2007, just before the crash.
5   NuttBoxer   2018 Aug 2, 1:04pm  

Rin says
Actually, it's currency stability


Actually... It's fiat currency/central bank issued debt stability. But I like just "economic stability", since giving money creation power to a private bank is the same as handing over the keys to the whole system.
6   Goran_K   2018 Aug 2, 4:56pm  

jazz_music says
Most people are excluded from this alleged economy anyways


How are "most people" being excluded?
7   NuttBoxer   2018 Aug 2, 4:58pm  

Goran_K says
How are "most people" being excluded?




For starters I don't have a printing press and plates at home.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions