Gold SI +0.025 to 14.065
Euro SI + 14.023 to 8592.66
Amazingly, the market valued in gold and euros changed less than .1% on a day that the entire market moved about 1%. It's interesting how the externally valued currencies adjust with the rate in order to have a balanced cost output. Where the internally valued US currency fluctuates significantly.
Please let me know if I'm missing something there.
JP
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3 comments:
"Gold SI +0.025 to 14.065
Euro SI + 14.023 to 8592.66"
It took me a minute to figure out what you were actually trying to show here. Is "Gold SI" a common notation, or is this something you came up with in an earlier post? Anyway, I'm pretty sure that you're showing the DOW to GOLD RATIO.
DOW TO GOLD RATIO IS + 0.025 to 14.065 (+0.18%)
So, the investors purchasing power in terms of gold & euros basically was unchanged .... anyone with un-invested cash got hurt ... and anyone invested in oil actually gained a bit, since
DOW TO OIL RATIO IS -0.35 to 135.65 (-0.26%).
This is interesting, but I don't really know how to analyze this more deeply.
Also interesting is the:
DOW TO OIL RATIO =
I just saw your definition of Gold SI below. Sorry, I'm new to your blog, so I should have looked first.
You cannot gauge the stock market to anything else until investors both large and small quit expecting eventual rise regardless of the day before. It is all about psychology. Even those who are pessimistic still think that eventually the stock market will once again be off to the races. Thus you cannot correlate anything to the stock market until faith in a vaporous system finally collapses. When that will be is anyones guess. A person can keep a fantasy going for an awful long time if they believe in it hard enough.
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