Goldman Sachs Bear Market Risk Indicator

Goldman Sachs Bear Market Risk Indicator Goldman Sachs’s bear market risk indicator is still at a high level. Above 60 percent, it suggests that investors should be cautious on the market. A blue line shows a bear market and/or a recession. Picture source: Goldman Sachs

Gold is Uncorrelated to World Equity

Gold is Uncorrelated to World Equity Since 1988, the correlation between gold and world equity has been only 3%. The 10-year rolling correlation has been between -10% and 10% over the past 20 years. Picture source: A. Stotz Investment Research

U.S. 10-Year Yields vs. Copper Gold Ratio

U.S. 10-Year Yields vs. Copper Gold Ratio Great chart showing a strong correlation between U.S. 10-year yields and the copper/gold ratio. Picture source: Nordea and Macrobond

Gold Bullion and Market Capitalisation of Global Negative Yielding Debt

Gold Bullion and Market Capitalisation of Global Negative Yielding Debt This chart shows a strong correlation between gold and market capitalization of global negative yielding debt. Keep in mind that negative global yields are a support for gold. Picture source: Pictet Wealth Management

Gold Price vs. U.S. Dollar

Gold Price vs. U.S. Dollar Currently, when the U.S. dollar is weaker, the price of gold is higher, as shown in this nice chart below. But it’s not always the case. Picture source: ANZ Research