Originally Posted by antelope_sniper
http://www.spdrgoldshares.com/media/GLD/file/Gold%26USStockIndicesDEC200120fina.pdf

Originally Posted by From the abstract
The short-run correlation between returns on gold and returns on US stock price
indices is small and negative and for some series and time periods insignificantly
different from zero.... Only
short-run relationships are evident. Granger causality tests find evidence of unidirectional causality from US stock returns to returns on the gold price set in the London morning fixing and the closing price. For the price set in the afternoon fixing, there is clear evidence of feedback between the markets for gold and US stocks.



AS,

And your point is what?

TF

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