Monday, June 27, 2011
Gold?? Ha!!! Treasuries outperforming the yellow metal!
How ironic! Most people who bought gold did so while at the same time saying that U.S. Treasury bonds were a bubble! (BTW...you didn't hear that on this blog!)
Look who's laughing now!!!
Treasuries are outperforming gold.
The chart below is spot gold divided by the 30-year Treasury price. Gold is tanking!