If you think that AG is going to let the stock market slump then you better look at the chart of the last six months. Markets simply do not move in straight lines and yet this one has. Wonder why?
There is another possible scenario with respect to gold and stocks. They could take turns rising and falling like the different sides of a Cornish engine. Sort of a sickening 'pas de deux,' if you will, as the economy struggles along. In this scenario, stock selling gets up a small head of steam only to have AG regain control and pump it back up after each 500 point selloff. There are probably many different reasonable scenarios between the black-and-white case of gold or stocks triumphing.