Of course...not in a day, but the question was for the bottom of the next bear market.
If you consider the "Gold Act of 1900" which set the price of one ounce of gold to $20.67 while the S&P 500 index was only $6.15, then the current gold price relative to S&P 500 is very cheap, in my opinion.
On Mon, Aug 3, 2015 at 9:14 AM, sarah_oz@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
If I apply to his analogy "Erb acknowledges that gold's true believers will find such a prospect outrageous, if not simply incomprehensible. But, he asks, why should gold behave differently than any other asset, each of which fluctuates markedly from the extremes of over and under value?", to the stock market, then how far the S&P has to go down to fit his analogy? Just curious...Could SPX may also go down below $700 in some day?
Not in a day. Circuit breakers.
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Posted by: Paul <ur12bfriend@gmail.com>
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