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kevinbantz
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Musician, Active Trader. Reading the Music of the Markets, One Crescendo at a Time. Past Floor Trader, Branch Manager and E.F.Hutton alum, keep listening.
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Kevin B. Bantz
  • SPX Has The Lead, With Gold A Close Second 0 comments
    Apr 24, 2013 2:36 PM

    Back in 2009, both SPX and GOLD started the year at $900.

    Move forward in time and Shazaam, both are up nicely. But what

    pairs traders are finding is that the bias has now changed back

    to paper assets.

    Who in their right mind would buy paper assets with hard? Why would

    they with so much believable logic in the marketplace

    supporting precious metals?

    It's all about the greed, sell the expensive asset and buy the

    cheaper, you know, logic.

    Posted below is a chart of long SPX and short GOLD. Enjoy

    Link: goo.gl/YUEAQ

    (click to enlarge)Pairs trade Long SPX short Gold

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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