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Barrick Gold Corp (GOLD)

NYSE
Currency in USD
Disclaimer
16.69
+0.27(+1.64%)
Closed
After Hours
16.66-0.03(-0.18%)

GOLD Comments

so if gold goes up this stock goes down? what?
glad u align the market index with barrick and identify that in the past there were strong positive coorelation. But related tricky coorelation with gold. But be flexible that such coorelation may not always hold as there are other variables involve. Such as high inflation or low inflation environment differences , such as britton woods before and after, dollar’s trend, long term interest rate trend, different events of global risks, central bank demand for gold, and supply of gold such as peak gold. Of which each might be different between now and the past. Which differ the coorelation between gold, miners, dollar, interest rate , inflation and market index. To be honest, i have not seen any perfect relation between them. They can go positive and negative. i see in this current time is gold and fundamentally strong miners have positive but not perfect coorelation , strong miners+ have high coorelation with GDX+ , weak coorelation of gold+USD+, bond yield-/gold+ strong negative for now
Sowhy yoday the price go down dramatically with gold going up???
So why today the price go down dramatically with gold is going up ?? Any body knows??
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