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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (19017)	9/15/1998 11:38:00 PM
From: Giraffe	Read Replies (1) \| Respond to of 116955

Was browsing in a bookstore today and was looking at something called 'Education of a Speculator' by Victor Niederhoffer. Looked pretty interesting - although he rambles much further afield than even GPM. His background is statistics and he did a lot of research looking for correlations between various commodities (other than the obvious ones like wheat vs corn). He says the highest correlation (of any of the commodities he investigated) was the negative correlation between bonds and gold at -.27 which he says 'dispels the notion that gold goes down during periods of declining bond prices (rising yields).' Gold was negatively correlated w/ stocks at -.23 and positively with yen and crude - both .14. The highest correlation for gold - believe it or not - was with beans at .25 Maybe we should be promoting vegetarianism on this thread. :)