Gold and the S & P

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Babaoriley

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Gold and the S & P

posted on Aug 13, 2012 01:39PM

It is worrisome to me that GLD has been tracking the S & P index since toward the end of June. GDX has been doing it, too, but only since about July 10. The worry comes when I consider where I think the S & P is headed in the next year. Notice, today the dollar is weaker, but gold is reacting like the S & P, rather than going inverse to the dollar.

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