Weekly Update

080716spxAD

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0807163dnh

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The first two charts are arguably bullish, with stocks appearing to have weathered a pullback with minimal price damage.

080716pump

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That weak dollar sure helps keep The Money Printing Pump in expansion mode.

080716goldequalyen

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Dollar yen and gold are the same market these days.

080716nikspxyen

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The Nikkei and the S&P priced in yen is also the same market.

080716spxingold

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Quod erat demonstrandum, the Nikkei and S&P in gold are the same market, as indeed the chart shows they are.

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