On a two year chart, the two are far more correlated...outside of July 2011 > Apr 2012. The two diverged, with gold powering a lot higher, then they converged. It all depends, like many things, upon one’s time frame. Of course, you are aren’t supposed to look at the two over the last decade, LOL. (I’m more on your side, btw)
And let’s not forget that the article is from 1978!
Louis Rukeyser ~ 1978. Wow.
Side note: I used to type the teleprompter for him on Wall Street Week.
Arrogant guy. I could have gone off script and typed anything and he would have read it that way. Stooge.