Viziphi's 3 Minute Market Insight: Gold & How it's Different

In this week's 3 Minute Market Insight, we touch on how the dynamics of gold have changed since it began it's decline in late 2012, when the FOMC announced the increase of it's purchases from $40BB to $60BB. In under 3 minutes, we show how different the correlation structure is, specifically the strong negative correlation with equity markets as well as the downside protection given current estimates of asset sensitivity.