Chart of The Day: “Gold Valuation”

Gold valuation
  … What would a contrarian do?   Best regards, The Hedgeless Horseman Follow me on twitter: Follow me on Don’t forget to sign up for my Newsletter (top right on front page) in order to get notification when a new post is up!
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US stock market euphoria

Setting the scene… ( S&P500):     As the US stock indices have almost gone vertical I thought it might be interesting to map just how euphoric investors are today…   Yesterday the largest S&P500 ETF saw the second biggest inflow in over 5 years....
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