Chart of the Day
To create today’s chart, the S&P 500 was divided by the price of one ounce of gold. This results in what is referred to as the S&P 500 / gold ratio or the cost of the S&P 500 in ounces of gold. For example, it currently takes 2.45 ounces of gold to “buy the S&P 500.” This is considerably less that the 5.53 ounces back in the year 2000. When priced in gold, the 2002 to 2005 stock market rally didn't amount to much. In fact, the short-term trend is down and nearing the 2003 lows! Stay tuned…
- What are our latest indicators and studies saying about future stock market trends? Find out now with the exclusive charts of Chart of the Day Plus.
Source - Pinnacle Data
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Quote of the Day
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." - Alan Greenspan
Events of the Day
January 01, 2006 - New Year's Day
January 02, 2006 - Fiesta Bowl - Sugar Bowl
January 03, 2006 - Orange Bowl
January 04, 2006 - Rose Bowl
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