Chart Scrip: Gold price in US $/oz. Chart Period: 1st March 1972 till date. (Just after President Nixon removed the US from the Gold standard in 1971). RS Nifty (bottom- portion of the graph to study relative strength of Gold price vs Nifty. Starts from 1994 which is inception date of Nifty). “History doesn't repeat itself but it often rhymes”- Mark Twain There is no statistical correlation between the price of stocks and gold. However, there are certain observable macro trends which we will highlight in this article. Note: In the early 70’s Gold was close to $40/oz (prices on right). Since April 20 to date it has been oscillating between $1600/oz to $2081/oz.
