GLD SPY Correlation Chart
Updated
Basically we get a crash at the GLD 180 level. Everything else stated is probably a toss up.
Note
Remember this post? Well seems like it is still in play. GLD max level has been met and only has exceeded by 5% or so to around 190 at best; whereas, SPY is super extended, inflation? Yup, definitely! A correct correlation here only brings the SPY to a 340 level! Think about that for a second, the SPY has reached 450, in other words we are over extended by 100 points. Will a drop like that be sufficient? Answer is no, economics just doesn't work like that. Here #thegreatreset
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