S&P 500 Edges Out Gold

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Includes: GLD, IAU, SPY
by: Eddy Elfenbein

For the last several weeks, the price of gold and the S&P 500 have followed each other closely. Most of the time, gold has been ahead, but just recently stocks have gained the upper hand.

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Although stocks have been perking up lately, the last ten years have been all about gold. Consider that in 2000 the S&P 500 used to be five times the prices of gold and now they're equal. But in 1980, gold was more than seven times the S&P 500.

Disclosure: No positions