As MarketWatch reports, gold made another record yesterday but has sunk so far today. As I write, gold's now $1183. $1200's still within reach, but it's proving to be elusive.
Interestingly, gold's still positively correclated with the stock market. 'Tisn't just gold that's down: so are U.S. stock futures. As long as that correlation holds up, I have to say that things look good for gold overall. The market still seems to be convinced that a falling greenback, and/or what else makes for a gold bull, is good for stocks (and vice-versa.)
Of course, the question remains: if that correlation be broken, then which market will suffer? Will gold sag, or will the stock market?
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