You are now using a guest account at UpDown that will expire in 7 days on November 30. Sign up below to join the site and save your portfolio.
Note: If you already have an UpDown account , please log in.

SPDR GOLD TRUST ETF (GLD) 112.94 $0.64 (0.57%) 04:40AM (15 mins delay)

Trade GLD Stock
Add GLD Stock to Watch List
Write a Stock Analysis for GLD

Stock Quote
Stock Picks
Activity & Comments

S&P 500 Priced in Gold

Nov 04, 2009 - 4:33 PM EST

Hickey and Walters (Bespoke) submit:

With equities correcting over the last few weeks and gold rallying to record highs, the price of gold has once again exceeded the price of the S&P 500. It now takes 0.96 ounces of gold to buy the S&P 500. This is considerably less than the long-term average of 1.74 since 1980, and a far cry from July 1999 when it took over 5.5 ounces of gold to buy the S&P 500. The question now is, if gold eclipses 1,100, will its time above that level be as brief as it recently was for the S&P 500?

click to enlarge

Complete Story »

Source: Seeking Alpha (Nov 04, 2009 - 4:33 PM EST)