AAPL and GLD chart correlations

[bearmace]

http://1.bp.blogspot.com/-eloU6CycW9k/UiPJLhktkcI/AAAAAAAAAvo/yU77N5kRBtU/s640/aapl+gld.png


correlation coefficient of .71, pretty high

any thoughts on why?

 

[wrbtrader]

Quote from bearmace:

http://1.bp.blogspot.com/-eloU6CycW9k/UiPJLhktkcI/AAAAAAAAAvo/yU77N5kRBtU/s640/aapl+gld.png

correlation coefficient of .71, pretty high

any thoughts on why?

Google revealed the following...

http://www.thereformedbroker.com/2013/09/02/the-mystery-of-apple-and-gold-solved/

http://www.forbes.com/sites/anthony...gold-case-to-hold-larger-battery-faster-chip/

http://www.businessinsider.com/gold-iphone-5s-photos-2013-8?op=1