A friend of GMac Monitor tweets on our last post on gold: “so gold is no short-term hedge for Apple?”
When in doubt go to the charts…
Short answer. Nope!
Didn’t the Mayans write about this correlation? Or was it causation?
(click here if chart is no observable)
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Global Macro Monitor
Interesting graph. This means Apple will recover because gold will be $2000 next year.