S&P 500 Index
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A chart of an observation in gold $spy $spx $gld #gold #stocks

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It is very interesting that in 2008 gold also dropped so substantially during the crisis however it actually ended up bottoming first and then rallying much higher.

The margin call pitch on gold that stunned many gold bugs when equities crashed can be explained by looking at this likewise extreme event in the past.

Enjoy the chart.

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