Time for another installment of the ever popular vs. Gold using ETFs as usual.
SPY/GLD has been bouncing but is still suspect at best.
ACWX/GLD is bearish below the moving averages, which are trending down.
DBC/GLD is pure bearish, pure counter-cyclical.
USO/GLD though bouncing a bit, is good stuff for gold mining operations.
DBB/GLD is bouncing but still in tank (and counter-cyclical) mode.
TLT/GLD has been dropping lately but Treasury bonds continue positive vs. gold on the intermediate and long-term trends.
Finally, SLV/GLD is a trigger to something that would one day make us a lot of money (out beyond just the precious metals sector). As of this moment, it’s un-triggered.
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