Does It Seem Like Gold Has Been Moving In Tandem with VTI?

[Coffee]

Feel free to point me toward older posts-- as I'm sure this has been rehashed, ad nauseum:

But it seems like when the market panics, the big players dump their gold to raise funds, don't they? So, Gold goes down too.  Is it possible that in the current economic climate, Gold has lost it's ability to zig when the market zags for some reason?

[Khisanth]

It could coincide with the deflation/recession economic season, where both stocks and gold are going to suck. That's all I can hope for at the moment. Since I started the PP in mid September, I've seen Stocks/Gold correlate unnervingly.

They're not exactly in lockstep however. If we're in an economic transition between seasons, perhaps this is also an explanation. Maybe I'm probably trying too hard to console myself?

[AdamA]

Is it possible that in the current economic climate, Gold has lost it's ability to zig when the market zags for some reason?

It seems like that from day to day at times, but if you look at a chart for the past year, you'll see gold has returned around 20% whereas the market has basically returned 0%.

[Gumby]

Here is how the S&P 500 and Gold have performed against each other, Year-To-Date:

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And when comparing safe havens... Here is how a 30-year Treasury Bond and Gold have performed against each other, Year-To-Date:

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So, while Gold was clearly a big safe-haven throughout much of the year, you can clearly see noticeable echoes of stocks even though Gold performed so well. It's a fascinating metal.