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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: pater tenebrarum who wrote (56359)	7/17/2000 3:32:53 PM
From: Zardoz	Read Replies (1) of 116815

nobody wants to buy those small gold rallies anymore. Nobody really buys the rallies anyways. Since 1985 till Friday, gold and the XAU have NOT been well correlated. People here like to ASSume that the two go hand in hand higher, but they are wrong. Within Statistics, a 0.9+ correlation is considered dependable, whereas a 0.6-> 0.9 is considered invariant. So if you actually plot the correlation over the time frame of 1985 you'll see that the average correlation is actually 0.651 This value is FAR from a dependant variant. And as such one could say that the correlation is WEAK, if not non-existent. So, the rumour that XAU and POG are related is wrong. members.home.net OH, and before anyone suggests a correlation between GOLD and XAU Ratio... it's correlation is worse. Hutch

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