Lucey, Brian M.; Tully, Edel - In: Applied Financial Economics Letters 2 (2006) 1, pp. 47-53
This study re-examines the results of Ciner (2001), who claims that the historically stable relationship between gold and silver has broken down in the 1990s. It is shown, using a longer run of data, for both cash and futures, that this finding may be unwarranted. In particular a recursive...