Wondering if there's a regression to the mean of gold/spx500 log

FX:XAUUSD   Gold Spot / U.S. Dollar
I was trying to find out what sort of slope velocity gold had in relation to the s&p ... did it follow with a lag, or trade inversely? There isn't a great relationship that I've found for determining if people will buy gold during dips, or when they will do it during that type of movement.

I did see gold acting as a lagging asset following market value increases, but at times with a large gap, or spread that returns to the mean. This sort of makes sense because gold is a market input, like oil- I don't view it as a store of value really.

The largest this spread has ever been was before the last recession on the log chart, I made a measurement on the chart showing that this spread is equal to the one occurring now, so maybe they will meet somewhere in the upper half of the spread range... gold testing previous 2011 highs. 1900 usd/oz? That's quite bullish .

Should be interesting to see what happens.
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