from TFMetalsReport.com:
Wow, this is crazy, isn’t it? There is so much crapola going on in the world that, seriously, I don’t know where to start. So, I guess I’ll start where I’m most comfortable…with the ruler and the sharpie…and wait till you see what I’ve found!
As I’ve mentioned quite a few times as of late, this 20%+ equity rally over the last three months makes me nauseous. While I feel that the perfect 45-degree rally is a clear sign of Fed manipulation, others argue that it is the rational result of The Great Global Liquidity Flush of 2012. Maybe they’re right? Maybe we’re all right? Who knows? All I know is that the charts don’t lie and they are what they are.
To that end, below is the most important chart of the day…perhaps of all 2012 to date. Note that since the panic beatdown and collapse of December, gold has been in a similar pattern to stocks. Take a look:
