Don't Ignore This Chart!

GLD and TIP move step-for-step

The Gold ETF (GLD) and the Inflation-Protected Bond ETF (TIP) show a positive correlation over the last few months. Both advanced from August to November, fell in December and bounced in January. Looks like gold is following the inflation outlook.

100115gldtip Click this chart for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus