Are Gold Bugs Coherent?

13 Pages Posted: 23 Jan 2016  

Brian M. Lucey

Trinity Business School, Trinity College Dublin; University of Ljubljana - Faculty of Economics

Fergal A. O'Connor

University of York - The York Management School; University of Dublin - Business School and Institute for International Integration Studies

Date Written: January 22, 2016

Abstract

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

Lucey, Brian M. and O'Connor, Fergal A., Are Gold Bugs Coherent? (January 22, 2016). Available at SSRN: https://ssrn.com/abstract=2720324

Brian M. Lucey (Contact Author)

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

University of Ljubljana - Faculty of Economics ( email )

Kardeljeva ploscad 17
Ljubljana, 1000
Slovenia

Fergal A. O'Connor

University of York - The York Management School ( email )

Sally Baldwin Buildings
Heslington
York, North Yorkshire YO10 5DD
United Kingdom

University of Dublin - Business School and Institute for International Integration Studies ( email )

2-3 College Green
Dublin 2, Leinster 2
Ireland

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