What happened after 2009 major liquidity injection?See link to chart below. Blue vertical line marks the bottom of 3 equity indices - Hang Seng, DJIA, and S&P 500.
These 3 indices are compared against gold (the gold line is gold nearest futures).
Gold massively outperformed these indicies from 2009 to 2012.
To see the chart, left mouse click and swipe to highlight the link, right click on the link and choose "go to" from the list.
Link:
https://invst.ly/ql81f
BG