GoldMinerPulse Long Term Correlations For Gold and Related Markets


Exploring Gold Correlations

Click here for a linear regression of gold prices over multiple time periods from 1970 or here for a subset view starting in 2013.

Over the past several years the price of gold has a positive correlation with:

And a negative correlation with:

Charts are updated daily and always show the range of dates used -- earliest dates are based on data available to me.

Confidence intervals on all regression lines use the R default values.

Note: correlations do not imply causation and since gold is the ultimate store of value, the correlations shown are at best lagging indicators of the real trend in the future price of gold.

 

LBMA PM Gold Price Correlation With the Gold Held in the GLD ETF

 

The rolling 6Q

The year by year break out of the correlations between the LBMA PM gold price and GLD gold holdings is detailed below

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2008 was an interesting year in which gold prices mostly fell while GLD holdings increased.

East Coast 4PM Spot Price

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East Coast 4PM Gold Spot Price Correlation with HUI Close

East Coast 4M Gold Spot Price Correlation with HUI Close

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East Coast 4PM Gold Spot Price Correlation with Silver Spot Price

East Coast 4M Gold Spot Price Correlation with Silver Spot Price

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East Coast 4PM Gold Spot Price Correlation with Brent Oil Price

East Coast 4M Gold Spot Price Correlation with Brent Oil Price

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East Coast 4PM Gold Spot Price Correlation with Copper Spot Price

East Coast 4M Gold Spot Price Correlation with Copper Spot Price

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East Coast 4PM Gold Spot Price Correlation with LBMA AM Gold Fix

East Coast 4M Gold Spot Price Correlation with LBMA AM Gold Fix

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East Coast 4PM Gold Spot Price Correlation with LBMA PM Gold Fix

East Coast 4M Gold Spot Price Correlation with LBMA PM Gold Fix

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East Coast 4PM Gold Spot Price Correlation with USDX

East Coast 4M Gold Spot Price Correlation with the USDX

 

The quarter by quarter break out of the correlations is as detailed below (click here for a full page view).

East Coast 4M Gold Spot Price Correlation with the USDX - 
	Quarterly Correlations Shown

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