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Correlation

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conradl
Contributor
Hi, Why is ANG not moving in relation to the gold-price but GLD is running away like there's no tomorrow?
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4 REPLIES 4
Valued Contributor
when did it ever ??
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conradl
Contributor
Fail! Should have just chosen GLD instead of ANG then.
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Super Contributor
You could have bought ang at this price in may 2002.Ok for trading,but not so good long term.GLD clearly a better long term prospect,as per chart.
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Super Contributor
I trade both. GLD works well when there is fear (like now) as the rand generally tanks. During general growth in gold price and a general flat / uptick in the market ANG will be a better trade (Argue all you like my trade numbers show it to be so) ANG *should* start to improve as it eliminated its hedge book as of dec last year. THe Q1 and Q2 results show this. I wrote this before the Q2 results came out (66% rise in NET profit) http://paulfcannell.wordpress.com/2011/07/27/they-say-you-shouldnt-fall-in-love-with-your-investment... Use it dont use it - P
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