By Catherine Austin Fitts
Last Five Years
Reviewing this comparison of the US equity markets to the performance of the largest gold and silver ETFs shows you why precious metals investors have been feeling so confident in recent years.
The Last Twelve Months
Over the last year, however, commodities started to diverge with equities. Rather than liberal monetary policies sending both up in nominal terms, commodities began to fall relative to equities.
2013 – Year to Date
That divergence has accelerated this year. As a result, gold and silver investors feel like they have had their head handed to them and equity investors are feeling their oats. It is, however, a good time to review the long term charts for context. Life is long and we never know what tomorrow can bring.
GSPC = S&P 500
DJI = Dow Jones Industrial Average
IXIC = Nasdaq Composite
GLD = SPDR Gold Shares
SLV = iShares Silver Trust