This Chart Explains Why Gold Moves the Peru ETF

The iShares MSCI All Peru Capped ETF (NYSEArca: EPU) has plunged nearly 31% this year. The average loss for the SPDR Gold Shares (NYSEArca: GLD) and the iShares Silver Trust (NYSEArca: SLV) is about 25%. That high level of correlation between EPU, gold and silver is not a coincidence. EPU, the lone...