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.

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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 (7)
No. 1-7
AWC
AWC

Looks like maybe the passives rolled back into the S&P Indexes?

AWC
AWC

I wonder what .gov pensions managers have against NEM?

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!

aqualech
aqualech

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

Ted R
Ted R

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