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I agree that it is very useful to look at these kinds of ratios esp S&P/Financials
Nov 22 08:49 am
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All Comments by morph366 »Gold, Banks, Consumer Discretionary: Three Market Relationships [View article]
Also worthwhile to look at the price of gold for example in foreign currencies as a reflection of declines in purchasing power for those economies with weak currencies. For example gold is notw trading at historic highs against sterling