Gold Futures vs. Gold Miner Stocks
February 8, 2016 - Gold
How do gold futures and gold miner stocks interact? In their January 2016 paper entitled “Are Gold Bugs Coherent?”, Brian Lucey and Fergal O’Connor examine the relationship between gold miner stock behavior (NYSE ARCA Gold Bugs Index) and the price of gold (COMEX gold futures). Specifically, they apply wavelet transforms to analyze the degree of co-movement (coherency) and… Keep Reading