The popular negative correlation between the stock market and GOLD doesn't look as clean as many people might think.
- When the stock market starts a significant correction, GOLD doesn't necessarily react bullish immediately.
- There are periods where the correlation is positive
- During the financial crisis beginning 2008 GOLD didn't work too good as a trade...
I expect another leg down to finish this multi year correction before we could start a next bull run in GOLD and SILVER.
This goes in line with my expectation that the USD and equity markets are going to climb up in the near future before experiencing a significant de-leveraging.