
INVESTORS LONG THE WRONG GOLD, FED’S WALLER THROWS COLD WATER ON THE STOCK MARKET RALLY
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. The Wrong Gold Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart compares SPY with bitcoin, gold ETF GLD, India ETF EPI, and Hong Kong ETF FXI. Often, it is helpful to visualize the comparison between different assets. The chart shows that many investors are long the wrong gold – over the last two years money has been flowing out of gold and into bitcoin and other cryptos.