MAY-2016 iShares COMEX Gold Trust Fund NYSE : IAU Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is -0.8 In other words, the correlation coefficient of the other stocks
Chance To Short More, Correction Coming, No Buyers Here
One Nation Underwater
No reason for Gold to climb.Gold will be on the retreat in 2017 on rosier global economic growth and tighter policy from the Federal Reserve, which will hikes rates twice.
That's the forecast from Barnabas Gan, an economist at Singapore-based Oversea-Chinese Banking Corp. and the most accurate bullion forecaster tracked by Bloomberg in the third quarter.
A presentation on Friday from Gan says bullion will be at $1,175 an ounce in the first quarter, $1,150 between April and June, $1,125 in the third period and $1,100 by the fourth. Spot gold was around $1,170 in recent action.
U.S. Global Investors (GROW) may be of interest here. the company administers several well-respected gold funds and foreign equity funds and have recently launched an airline ETF - JETS. A recent participant on Consuelo Mack's Wealth Track program suggested that gold is now cheaper than stocks.
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