Jason Goepfert

8-18-2020 at 5:32 pm

Daily Report : Gold's analogs and its tight correlation with tech stocks

Gold has had a big run over the past 100 days, and while it seems unusual, there have been about a dozen time periods with a high positive correlation to the past 100 sessions. Those did not fare well for gold's future returns. Less concerning is its tight correlation to tech stocks, which has not been a consistent predictor in the past.

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