Chris, if gold went down during some of the largest stock declines in history, then that is a correlation.

Gold doesn’t have to move with the stock market every time, but it does so at least sometimes.

This shows that gold is not the save haven that people like to say. I can’t tell you how sick I am of reading that gold when up because investors sought the safe haven of gold in response to this or that. Usually the story is the market is fearful of inflation or falling stocks, so they hide in gold.

For this relationship to hold true, it must always be counted on. Well, last week it wasn’t.

Investors/speculators dumped stocks AND gold.

Even though inflation is up, and Bennie said it was too high for comfort, gold went down.

All this tell me that nobody really knows what makes short term moves in gold.