Are Gold Bugs Coherent?

13 Pages Posted: 23 Jan 2016

See all articles by Brian M. Lucey

Brian M. Lucey

Trinity Business School, Trinity College Dublin; Ho Chi Minh City University of Economics and Finance; Jiangxi University of Finance and Economics

Fergal A. O'Connor

University College Cork

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 or http://dx.doi.org/10.2139/ssrn.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)

Ho Chi Minh City University of Economics and Finance ( email )

59C Nguyen D├Čnh Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Jiangxi University of Finance and Economics ( email )

South Lushan Road
Nanchang, Jiangxi 330013
China

Fergal A. O'Connor

University College Cork ( email )

College Road
Cork
Ireland

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