For a while now I've suspected something is not right in Gold, perhaps a bubble or an intermediate top. Other then all of the GLD posts this week, this chart makes clear, Gold is lagging other dollar linked commodities.
Friday, December 9, 2011
Oil, Silver, Gold, Copper and the $USD
This chart may be a little hard to follow, just pay attention to the right side; it shows the relative performance of Oil, Gold, Silver and Copper vs. the $USD, all have an inverse relationship with the $USD.
For a while now I've suspected something is not right in Gold, perhaps a bubble or an intermediate top. Other then all of the GLD posts this week, this chart makes clear, Gold is lagging other dollar linked commodities.
The $USD is in green m gold is yellow, silver is white, oil is light blue and copper is salmon. Note how copper performed the best overall, oil and silver were nearly identical, but gold lagged badly.
For a while now I've suspected something is not right in Gold, perhaps a bubble or an intermediate top. Other then all of the GLD posts this week, this chart makes clear, Gold is lagging other dollar linked commodities.
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