risk off....gold up

This post is moreso to bring a different perspective to the often portrayed one dimensional view that Gold is purely a risk asset.

Despite the touted correlation between gold and equities, the charts below tell a different story. Have a look what happened at 11am to the DOW/S&P as opposed to Gold.

Just thought I'd throw this out there because certain posters only ever say Gold goes up with equities, and that when equities sell off so does gold. hmmm.

On a side note the VIX up almost 10% today). My conclusion, Gold is a great hedge in the current economic climate, which is defined by uncertainty.