Pic..... The correlation is simply that the DOW is getting creamed. Notice that whenever the DOW is on the verge of a meltdown, the gold possibility is smashed by the behavioral finance people that run the markets. The conditioning that is intended is that when stocks go down, gold goes down..... so do not think that gold is an exit door or escape option. This diverts the floodgates away from the one asset that could save the retail investor and keeps him cooking in the pot.