With both the dollar and yen sliding, most notably after the BOJ's Kuroda told parliament the Japanese central bank can ease far more if necessary, it is perhaps not surprising that gold has surged $14 higher today, rising above $1,341/ounce, up over $140 from gold's early November levels when it was trading in the low-$1,200s, and the highest price since April 2018. Yet what has left traders puzzled is that despite gold's surge, it is not trading as a safe haven, because after correlating inversely with the S&P for much of 2018, the correlation flipped to positive in late-December, right around the time the Fed ... (full story)