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Message: Is Gold de-coupling?

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Is Gold de-coupling?

posted on Oct 30, 09 05:05PM

Today's price action finally seems to show some de-coupling of the price of gold with the price of oil and the rest of the market. While oil and the market generally were significantly down, gold essentially held its own, even coming back from a low of $1034 to close to yesterday's close of about $1045.

If this de-coupling is actually happening it bodes very well for gold and gold related shares in the weeks to come even if the rest of the market should experience another prolonged down cycle. San Gold should benefit significantly.

I guess we'll see in the next few days.

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