Are Gold Bugs Coherent?
13 Pages Posted: 23 Jan 2016
Date Written: January 22, 2016
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.
Keywords: gold mining, gold miners, substitution, wavelets
JEL Classification: C14, G12
Suggested Citation: Suggested Citation