It's been a shiny, glittering, bright start to the year for gold. Throw in all the usual adjectives because the precious metal is on track for one of its best starts to a year since 1980.
And if history is any guide, gold's big quarter could be a bullish signal for stocks.
Using Kensho, a tool designed to quantify historical market events, we looked at quarters where gold has jumped 10 percent or more since 1990. There have been nine non-overlapping occasions.
The stats don't offer much when it comes to gold's record itself after a stellar quarter. Six months later, it's higher only about half the time. So betting on a continued rise has been no better than a coin toss.