Top 5 Charts of the Day – July 31st 2020

31 July, 2020

Record #gold prices this week did little to offset a years-long slump by comparison with stocks – Bloomberg
*The ratio between the price of gold for immediate delivery and the value of the S&P 500 Index was ⬇ 64% as of Thursday from a peak in Aug. 2011. pic.twitter.com/rO3g4aQrIb
— Christophe Barraud (@C_Barraud) July 31, 2020

Gold's Optimism Index has now reached one of the *highest* levels ever.
In the past this was bearish for gold and bullish for the USD. pic.twitter.com/fGZs5YhYcS
— SentimenTrader (@sentimentrader) July 31, 2020

Here Are The States Where The End Of $600 Unemployment Checks Will Hurt The Most https://t.co/it5YPLWPqw
— zerohedge (@zerohedge) July 31, 2020

Without government aid, incomes crater, as per Alpine Macro @SoberLook pic.twitter.com/xHJFzmqB1K
— Liz Ann Sonders (@LizAnnSonders) July 31, 2020

Tech is eating the world: Amazon's recent rise has coincided w/more Americans buying online than ever before during pandemic, DB chart shows. 20yrs ago US internet sales were 3% of total retail sales and this steadily increased to 13% pre-pandemic. In May it increased >19%. pic.twitter.com/dGjIyxlnFO
— Holger Zschaepitz (@Schuldensuehner) July 31, 2020