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He points to the strong inverse correlation between capital spending in the industry and share performance.
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The chart does not show too much of an inverse correlation, except maybe for the early 1980s.
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Interestingly, Moore has noticed an inverse correlation between start-up CEO bravado and success.
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There is an inverse correlation between the number of words you say and your success at sales or persuasion.
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If so, this could pressure the euro, which could impact gold due to its inverse correlation with the U.S. dollar.
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Second, a whole host of academic studies have shown there is actually in many cases an inverse correlation between fees and performance.
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Equity performance and fear-driven volatility carry a strong inverse correlation.
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Day-to-day short-term movements in gold tend to be driven by speculators in the futures market, and they tend to be driven by the frequent inverse correlation to the U.S. dollar, he said.
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Though the quantity of new money created in recent years is beyond precedent, there was already a longstanding inverse correlation between the monetary base and inflation, expressed in terms of official indices as well as gold.
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Tian doesn't trust the "simplified" inverse dollar correlation though.
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