Strange Observation between NIFTY and GOLD...

Since August 1, 1991: When ever NIFTY and GOLD return are same NIFTY gives handsome return in coming months.

Good examples of above statement are years 2003, 2009, 2013 and 2020.

Since August 1, 1991: NIFTY has given approx 4200% return and GOLD has given approx 2750% return. Difference in return is approx 1450%.

Going by the above observation either NIFTY has to come down or GOLD has to go up (or both) for NIFTY to give handsome return.

NOTE: This is just a strange observation/correlation.

Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.