S&P Priced In Gold At March 2009 Low (Chart), Apple Priced In Gold At Decade Highs
8/05/2011 01:45:00 AM
Peter Boockvar at The Big Picture blog mentioned that the S&P 500 was back at the March 2009 low in gold terms. I wanted to chart out $SPX/$GOLD going back 13 years, and it wasn't pretty. It's kind of sad that a shiny yellow metal has been the only thing of "real" value for the past 13 years. Well, except for Apple, Netflix and Facebook. Gold priced in Apple is around 13 year lows and actually made a new low earlier this year. Hopefully Gold/Apple can stay below that trend line.