2005 (1235)
2006 (492)
2007 (191)
2008 (735)
2009 (1102)
2010 (315)
2011 (256)
2012 (203)
Looking at the supercycle of how many ounces of gold it costs to buy the S&P, and projecting into the future, indicates that hedging by being short the index and long gold should pay off very handsomely... at some point in the 2015-2017 period.
Chart 2 superimposes the current cycle with the past cycle - similarities?