
Who is Lying, BKX/SPX or Inverse Gold?
[Warning: confusing post alert!] The BKX/SPX ratio (Banks vs. the broad stock market) used to be a consistent traveling companion to the inverse of the gold price. In other words, when Bank leadership was rising gold was falling and when Bank leadership was falling gold was rising. It’s logical because in a thoroughly debt-stoked and financialized economy – dependent upon the Pigs for gainful lending … Continue reading Who is Lying, BKX/SPX or Inverse Gold?