Originally Posted by TF49
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


The point is, exactly what I said that sparked you off.

The correlation between equities and gold is negative, don't buy gold in a bull market.

You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.

You cannot over estimate the unimportance of nearly everything. John Maxwell