WAS LAST GOLD TRADE A FAKEOUT?

See this link: http://www.kitco.com/ind/Sobolev/jul262007.html

The recent moves in gold have been a bit complicated to decipher. "The inverse correlation between the stock market and gold is historically strong, " said Mark O'Byrne, director at Gold & Silver Investments Ltd. "While gold may have become correlated with the broader U.S. stock markets and the bellwether S&P 500 in recent weeks, in the fullness of time the historical low-to-negative correlation will reassert itself."
Gold/XAU Ratio 4.45