Mis-priced Stock, page-163

So back then in the 70's all the way to about 1990 the gold price and the cash rate moved in tandem with each other. Then between 1996 and 2000 the cash rate remained around the same level and gold nearly halved. This appears to be the only anomaly in my proposed relationship between the two and I need to do some more research on why that occured. Nowadays the correlation is cash rate spikes make gold soar and during periods of low cash rates gold still rises but much slower. I will leave people to speculate on why that might be, my two cents is that nothing can stop the price of gold while the money printing from quantitative easing continues. Here's gold and the cash rate on one chart for comparison. I've turned log on to make it a bit easier to see the relationship.