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For the last 180 trading days there is little to none statistical evidence of a gold-stocks relationship according to Moore Research (based on the daily close).
100 is strongly correlated, -100 inverse correlated and 0 no correlation.
On the subject of correlation between different markets, in this case stocks and gold:
It's just all a matter of how I want to see it. In this case I can even clearly prove that between the "DAX and the GOLD market" a clear correlation has existed in the last 30 days. In MRCI's it is even clearly shown between the "S&P 500 E-Mini" and the "Nasdaq 100 E-Mini". Visible here with a correlation of 90 and 93. Stocks down, gold down. Stocks up, gold up.
As I said: It's all a matter of how I want to see it.
Numbers / Speeches
USA: Jackson Hole Symposium Wyoming Start @ 16:00
The Jackson Hole Economic Policy Symposium is an annual event of the Kansas Fed and has been held in Jackson Hole, Wyoming since 1981. It is a forum for central bankers, policy experts and academics. Tomorrow Friday Fed Powell speech 16:05!
Germany tomorrow IFO Day
DAX pre cash @ 15826 which is above yesterday's high
8:30 - Looks like there will be no gap or a gap close on the start of the DAX today
