499 out of 500 S&P 500 Stocks Rose Today

Every stock in the S&P 500 rose today with the exception of Newmont Mining (NEM).

In light of the above, let's do a short-term comparison of Newmont mining vs. the S&P 500.

That's just a short-term pattern. There is no reason to believe it will hold.

That aside, I was rather impressed with gold today in the face of a rising dollar and rising interest rates.

Mike "Mish" Shedlock

Comments
No. 1-8
Carl_R
Carl_R

In a bull market, you get regular daily rises, and a few very sharp drops. In a bear market, you get regular daily drops, and a few very sharp rallies.

Sechel
Sechel

just learned this today. there are 505 stocks in the s&p 500 :)

Ted R
Ted R

The words. Plunge Protection Team. Is there any doubt?

aqualech
aqualech

Actually kind of funny. Us gold bugs are accustomed to ritual beatings by now, so nothing new.

BornInZion
BornInZion

Margin calls undercut "safe haven" securities. This is why debt deflation takes down all nominal values in the whole economy. But in the end, that which can't be paid won't be paid. We ain't seen nothin' yet!