Gold and small caps are correlated at .5 - gold double topped and is going lower, I anticipate this will hit the red, jog a little, and if the FED doesn't cut rates, we will go down a run every FOMC meeting until the FED cuts rates or they go down because BOJ is selling our treasuries to shore up their currency that's always competing with China's Yuan (whose trying to shore up their real estate bubble popping which is the largest asset in the world).
Note
buyupside.com/alphavantagelive/stockcorrelationcomputeavmonth.php?symbol1=iwm&symbol2=SLV&start_month=01&start_year=2019&end_month=06&end_year=2024&submit=Calculate+CoefficientSilver has a 200 basis point increase in correlation with small caps compared to gold, equaling 75%!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.