When gold and the Nasdaq "rise and fall together," is everything just "FOMO"?
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In the past few weeks, since the last short squeeze began, the stock market and gold have shown a close correlation, as illustrated by the 30-minute chart of the S&P 500 index and gold since September. Considering that gold is at least to some extent a tool for hedging against panic, this seems somewhat illogical. Are these short-term funds merely chasing momentum, unrelated to "logic"?
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