Wednesday, 15 May 2013

Business Insider: Why Gold And Apple Are Tanking At Exactly The Same Time

Apple is down 2%. The big gold ETF, GLD, is down 1.4%.

These moves are happening on a day when the market is basically flat. It's not an accident that they're diving together.
The reason is: During the immediate post-crisis era, gold and Apple were huge outperformers, that were uncorrelated to the day-to-day "risk on, risk off" regime that was dominating financial markets.

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