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Gold Spikes Intraday, Are Equities Next?

The price of gold is building on its opening strength this morning and has spiked in the last few minutes.  With the correlation of gold and the S&P 500 at its most positive levels in over three years (chart below), will equities follow suit?

Gold090209 

Gold Correlation 

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September 02, 2009 at 11:00 AM in Commodities |

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