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SPX Has The Lead, With Gold A Close Second

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


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.