CORRELATION

YEARS
BALTIC DRY INDEX(X) GOLD PRICES(Y)
2007
8090
639.75
2008
6466
846.75
2009
2423
874.5
2010
2741
1121.5
2011
1682
1388.5

YEARS
BALTIC DRY INDEX(X)

GOLD PRICES(Y)

BALTIC DRY INEX TO GOLD

YEARS
BALTIC DRY INDEX(X)
2007
2008
2009
2010
2011

BALTIC DRY INDEX TO S&P 500

YEARS
BALTIC DRY INDEX(X)
2007
2008
2009
2010
2011

YEARS

8090
6466
2423
2741
1682

GOLD PRICES(Y)
639.75
846.75
874.5
1121.5
1388.5

8090
6466
2423
2741
1682

S&P500(Y)
1438.24
1378.55
825.88
1073.87
1286.12

BALTIC DRY INDEX TO WORLD GDP

BALTIC DRY INDEX(X)
WORLD GDP
8090
6466
2423
2741
1682

5.2
3.1
-0.7
4.9
4.4

BALTIC DRY INDEX(X)

GOLD PRICES(Y)

BALTIC DRY INDEX(X)

S&P500(Y)

BALTIC DRY INDEX(X)

WORLD GDP

CORRELATION
BALTIC DRY INDEX(X)

GOLD PRICES(Y)

1
-0.821938471

BALTIC DRY INDEX(X)

S&P500(Y)

1
0.692909729

BALTIC DRY INDEX(X)

1
0.326379091

WORLD GDP
1

S&P500 TO GOLD
YEARS
2007
2008
2009
2010
2011

S&P 5OO GOLD PRICES

1438.24
639.75
1378.55
846.75
825.88
874.5
1073.87
1121.5
1286.12
1388.5

S&P 5OO
GOLD

S&P 5OO GOLD PRICES

1
-0.16625
1

GOLD TO DOW MARKET

YEARS
2007
2008
2009
2010
2011

GOLD
DOW MARKET
639.75
12398.01
846.75
12606.3
874.5
8599.18
1121.5
10618.19
1388.5
11674.76

2007
2008
2009
2010
2011

GOLD
DAX
639.75
846.75
874.5
1121.5
1388.5

GOLD

DOW MARKET

GOLD
1
DOW MARKET-0.11112

GOLD TO DAX
YEARS

6691.32
7949.11
4973.07
6037.61
6947.84

GOLD
GOLD
DAX

1
0.016504

DAX
1

GOLD TO SENSEX
YEARS
2007
2008
2009
2010
2011

GOLD
639.75
846.75
874.5
1121.5
1388.5

SENSEX
13860.52
20827.45
9406.47
17540.29
19691.81

S&P500
1438.24
1378.55
825.88
1073.87
1286.12

SENSEX
13860.52
20827.45
9406.47
17540.29
19691.81

GOLD
GOLD
SENSEX

SENSEX

1
0.468206

S&P500 TO SENSEX
YEARS
2007
2008
2009
2010
2011

S&P500
S&P500
SENSEX

SENSEX

1
0.628381

S&P500 TO DAX
YEARS
2007
2008
2009
2010
2011

S&P500 DAX
1438.24 6691.32
1378.55 7949.11
825.88 4973.07
1073.87 6037.61
1286.12 6947.84

S&P500
S&P500
DAX

1
0.876963

DAX
1

SENSEX TO DAX
YEARS
2007
2008
2009
2010
2011

SENSEX
DAX
13860.52 6691.32
20827.45 7949.11
9406.47 4973.07
17540.29 6037.61
19691.81 6947.84

SENSEX
SENSEX
DAX

DAX

1
0.852589

SENSEX TO DOW
YEARS
2007
2008
2009
2010
2011

SENSEX
13860.52
20827.45
9406.47
17540.29
19691.81

DOW
12398.01
12606.3
8599.18
10618.19
11674.76

S&P500
1438.24
1378.55
825.88
1073.87
1286.12

DOW
12398.01
12606.3
8599.18
10618.19
11674.76

SENSEX
SENSEX
DOW

DOW

1
0.728177

S&P500 TO DOW
YEARS
2007
2008
2009
2010
2011

S&P500
S&P500
DOW

1
0.987251

DOW
1

DOW TO DAX
YEARS
2007
2008
2009
2010
2011

DOW
DAX
12398.01 6691.32
12606.3 7949.11
8599.18 4973.07
10618.19 6037.61
11674.76 6947.84

DOW
DOW
DAX

1
0.92852

DAX
1

INDIAN CPI TO INDIAN STOCK INDEX

YEARS

CPI
2007
2008
2009
2010
2011

6.4
8.3
10.9
11.7
6.55

STOCK INDEX
14014.92
20465.3
9958.22
17558.73
20561.05

6.4
8.3
10.9
11.7
6.55

GOL PRICES
27985
35025
41938.42
51344.51
61559.14

4.8
5.9
-0.7
5
5.5

STOCK INDEX
2675.47
5261.56
1880.72
3243.76
2852.65

4.8
5.9
-0.7
5
5.5

GOLD PRICES
76105
95770
77638.23
101912.3
112053.7

3.6
5.7
4.9
4.9
6.5

STOCK INDEX
45383
63886
37550
68588
69305

CPI
CPI
STOCK INDEX

1
-0.35681

INDIAN CPI TO INDIAN GOLD PRICES

YEARS

CPI
2007
2008
2009
2010
2011

CPI
CPI
GOL PRICES

1
0.156852

CHINA CPI TO CHINA STOCK INDEX

YEARS

CPI
2007
2008
2009
2010
2011

CPI
CPI
STOCK INDEX

1
0.671927

CHINA CPI TO CHINA GOLD PRICES

YEARS

CPI
2007
2008
2009
2010
2011

CPI
CPI
GOLD PRICES

1
0.599821

BRAZIL CPI TO BRAZIL STOCK INDEX

YEARS

CPI
2007
2008
2009
2010
2011

BRAZIL CPI TO BRAZIL GOLD PRICES

CPI
CPI
STOCK INDEX

1
0.643527

YEARS

CPI
2007
2008
2009
2010
2011

3.6
5.7
4.9
4.9
6.5

GOLD PRICES
1349.61
1578.64
1980.32
1981.23
2269.77

CPI
CPI
GOLD PRICES

1
0.714851

RUSSIA CPI TO RUSSIA STOCK INDEX

YEARS

CPI
2007
2008
2009
2010
2011

STOCK INDEX
3.6
5.7
4.9
4.9
6.5

RUSSIA CPI TO BRAZIL GOLD PRICES

YEARS

CPI
2007
2008
2009
2010
2011

3.6
5.7
4.9
4.9
6.5

GOLD PRICES
16744.95
21791.27
28190.43
33332.78
40658.29

CPI
CPI
GOLD PRICES

1
0.733842

SOUTHAFRICA CPI TO STOCK INDEX

YEARS

CPI
2007
2008
2009
2010
2011

STOCK INDEX
6.5
11.3
7.2
4.5
3.56

SOUTHAFRICA CPI TI GOLD PRICES

YEARS

CPI
2007
2008
2009
2010
2011

6.5
11.3
7.2
4.5
3.56

GOLDPRICES
4456
5698
8041
8008
9306

CPI
CPI
GOLDPRICES

1
-0.60691

STOCK INDEX
1

GOL PRICES
1

STOCK INDEX
1

GOLD PRICES
1

STOCK INDEX
1

GOLD PRICES
1

GOLD PRICES
1

GOLDPRICES
1

WORLD INFLATION TO WORLD GOLD PRICES

YEARS
2007
2008
2009
2010
2011

WORLD INFLATION WORLD GOLD PRICES

2.85
639.75
3.85
846.75
-0.34
874.5
1.64
1121.5
3.16
1388.5

WORLD GDP TO WORLD GOLD PRICES

YEARS

WORLD GDP
2007
2008
2009
2010
2011

5.2
3.1
-0.7
4.9
4.4

WORLD GOLD PRICES

639.75
846.75
874.5
1121.5
1388.5

WORLD INFLATION TO DOW MARKET

YEARS
2007
2008
2009
2010
2011

WORLD INFLATION DOW MARKET

2.85
12398.01
3.85
12606.3
-0.34
8599.18
1.64
10618.19
3.16
11674.76

2007
2008
2009
2010
2011

CRUDE OIL PRICES

GOLD PRICES
64.2
91.48
53.56
71.21
87.48

2007
2008
2009
2010
2011

CRUDE OIL PRICES

SENSEX
64.2
91.48
53.56
71.21
87.48

CRUDE OIL PRICES TO GOLD PRICES

YEARS

639.75
846.75
874.5
1121.5
1388.5

CRUDE OIL TO SENSEX

YEARS

13860.52
20827.45
9406.47
17540.29
19691.81

WORLD INFLATION
WORLD INFLATION
WORLD GOLD PRICES

1
0.074330806

WORLD GDP
WORLD GDP
WORLD GOLD PRICES

DOW MARKET
1

GOLD PRICES

1
0.452019065

CRUDE OIL PRICES

CRUDE OIL PRICES
SENSEX

WORLD GOLD PRICES

1
0.972860918

CRUDE OIL PRICES

CRUDE OIL PRICES
GOLD PRICES

1
0.17250502

WORLD INFLATION
WORLD INFLATION
DOW MARKET

WORLD GOLD PRICES

1
0.9662024

SENSEX
1