This may surprise you. Who would have thought that fiat currencies like the Swiss Franc, or the Australian Dollar, would actually be outperforming gold year to date?
Fed Chairman Ben Bernanke & Treasury Secretary Hank Paulsen’s “competitive devaluation” policy, along with runaway government spending and deficits, have sank the U.S. Dollar to where it’s now actually [...]
Tags: Alan Greenspan quotes·Ben Bernanke·GLD·Gold chart·Mexican Peso·US Dollar chart
There are coincidental indicators for trading, and there are incidental indicators. Knowing the difference between causation and correlation is where the real value in charts and technical analysis is found.
Traders are wondering what to make of this recent volatility in gold? They ask - “why is gold correcting with oil at record highs, and inflation [...]
Tags: 10 Year Bond·Causation vs. Correlation·Gold Price·Trading Gold