When tech leads the broad market stocks are bullish in general terms. Here's the ratio chart, NAZ 100 priced in S&P 500. As long as this chart does not reverse into downtrend Bernanke is winning, and printing is working (to keep asset prices supported).
AAPL has been leading the NAZ, here's AAPL priced in NAZ 100
If this AAPL-NAZ ratio reverses it will probably reverse NAZ-SPX, and we will have an early warning that central bank policy is in trouble.
So even if gold starts to correct, as long as AAPL:NAZ uptrend remains intact, there is essentially nothing to worry about in terms of a long deflationary period taking root.
