How Do the S&P and Gold Correlate?
It's been a while since I've posted to the blog, but I have a feeling my dry period of creativity is over. Keep your eyes open.
From here, I'm going to start posting correlations of varying instruments. For short term trading, it is important to know these things and how they change. These are rolling 30 day averages on daily correlations in changes of close. If you have any particular instruments you are interested in, let me know and I'll post them. If you aren't familiar with correlation, a value of 1 is 100% positive correlation and -1 is 100% negative correlation. A value of 0 means the instruments' daily motions have little to do with each other. Let's start today with S&P and Gold:
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