To cut to the chase, although both assets more or less trended together from 2008 into the third quarter of 2011, gold and equities have basically taken mirrored paths - ever since our beloved patriots down in Washington resolved their last congressional civil war.
We were hoping this fall for a correlation transition to more unity between assets, but for the moment they appear to be marching with their respective biases - very much like our fearless representatives...
Click to enlarge images
Here's a quick around the horn of a few trends we have been following.
For recent context - see Here.
For recent context - see Here. 
For recent context - see Here.
For recent context - see Here.