Monday, December 9, 2013

Gold and the Australian dollar

"Now, folks: If you have the tools to lay one chart over another, you can see that the price action of the Australian dollar is lagging and highly correlated, to the price action of Gold against the US dollar. The price movement structure is virtually identical." - See http://www.doityourselfcapitalism.com/speculations-turn-defining-risk-contrarian-long

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