S&P500 and GOLD correlation
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 against the stock market crash (if one didn't have the perfect timing).
- GOLD bugs who are short term predicting the next financial crises since years have missed out on significant profits from the stock market.
For a long term investor GOLD can play a reasonable role in a diversified portfolio to reduce the overall risk, but for a trader who tries to move between both timing is crucial and I guess not many will get it right.
- 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 against the stock market crash (if one didn't have the perfect timing).
- GOLD bugs who are short term predicting the next financial crises since years have missed out on significant profits from the stock market.
For a long term investor GOLD can play a reasonable role in a diversified portfolio to reduce the overall risk, but for a trader who tries to move between both timing is crucial and I guess not many will get it right.
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