GOLD 0.51% $1,391.7 gold futures

You are pathetic. You know very well I corrected you for...

  1. 4,679 Posts.
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    You are pathetic. You know very well I corrected you for misunderstanding how to interpret the correlation coefficient. You learn from my lesson then make a feeble attempt to discredit others on a statistic that you clearly have little understanding.

    Pick your timeframe. 1980 to present day, a coefficient of -0.65. While less strong that the recent -0.90 anything to the right of -0.50 (or the left of +50) is a strong correlation.

    Gold tends to move opposite to interest rates. Interest rates will rebound and when they do gold will plummet - very fast.

    I'm patient and I short Gold when I see the sign.
    Last edited by Dr.Who: 17/08/19
 
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