Journalist
Contributor's Links: Wealthmanagement.com

Brad Zigler's stints as a contributing editor for the Corporate Communications Broadcast Network, the Journal of Indexes, and CRB Trader set the stage for his role as managing editor of Hard Assets Investor and later as alternative investments editor of Registered Rep. magazine, the most ... more

ALL CONTRIBUTIONS

EC Futures Are On An Upswing
Amid all the hoopla surrounding the stock market—new records on an almost daily basis—something has been quietly developing in a non-correlated corner. Commodities have been rising off a mid-summer bottom.
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Wanna Outdo The Market? Reweight It
There’s been a whole lot of noise made about strategic or smart beta in the past few years. Strategic beta represents a sort of middle ground ‘tween passive and active investing and seems a perfect niche for exchange-traded funds.
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A Holiday Treat For Oil Investors
ETF buyers have a lot to give thanks for.
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The Incredible Shrinking Yield Curve
Even though the Federal Reserve hasn’t tinkered with the Fed Funds target rate since June, interest rates have been ratcheting upward in anticipation of the next reset. Fed Funds are at the extreme left end—the short end—of the yield curve.
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Early Warnings Of A Stock Slip
Equity investors are now wondering if the underpinnings of the bull market are loosening. While stock indices still seem to be reaching for new heights, once-niggling cracks are starting to widen on its footholds.
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Alternative Treats For Beyond Halloween
Oil’s been a good trade so far, as evidenced by the outperformance of the futures-tracking USO and USL portfolios, but oil refiners – proxied by the VanEck Vectors Oil Refiners ETF (CRAK) – has done even better.
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Comments

Latest Comments
What’s Gold Really Worth?
3 years ago

John -

The "relationship" posited in the article is just that, a "relationship." It's a ratio, not a correlation. A correlation is a distinct statistical construct.

You may very well be right about gold as a hedge against inflation "in the long run." The question is: "What's a long run?" Years? Decades? Millennia?

The fact that an ounce of gold could buy a man's suiting now as in ancient Rome doesn't help someone planning for a nearby retirement.

In this article: GLD
What’s Gold Really Worth?
3 years ago

John -

Yes there is an indirect relationship between bullion prices and the US dollar. That shouldn't be surprising since gold is benchmarked in dollars.

I wouldn't characterize the gold market as being "more stable." There's in fact, a lot more volatility in metals than in currency.

As for the correlation of bullion and CPI, studies have shown that there isn't a statistically significant relationship between the two.

In this article: GLD
What’s Gold Really Worth?
3 years ago

Kate -

The prices tracked in the article, to make them directly comparable to once-a-month CPI, are monthly averages.

GLD, in fact, is highly (>99%) correlated to bullion on a day-to-day basis. The only tracking error is due to the metal sales financing the trust's fees (0.40% per year). That said, the equally well-correlated iShares IAU gold ETF, with a lower (0.25%) expense ratio, should fare even better.

In this article: GLD
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