Are gold bugs coherent?

Are gold bugs coherent?

We use wavelet models to surface the relationship between gold miners stock prices and the price of gold. We find that there is little relationship in the short run but some significant and long-standing long-run relationships. Gold prices appear to lead gold miner stock prices.

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Bibliographische Detailangaben
Veröffentlicht in:Applied economics letters 2017-01, Vol.24 (2), p.90-94
Hauptverfasser: Lucey, Brian, O'connor, Fergal
Format: Artikel
Sprache:eng
Schlagworte:
Economic analysis
Economic models
Gold
Gold markets
gold miners
Gold mines & mining
Gold mining
Prices
substitution
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Zusammenfassung:We use wavelet models to surface the relationship between gold miners stock prices and the price of gold. We find that there is little relationship in the short run but some significant and long-standing long-run relationships. Gold prices appear to lead gold miner stock prices.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2016.1164813