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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (471)8/24/2005 12:11:54 AM
From: nspolar  Read Replies (1) of 50651
 
Slider, re "Gold needs to lead other commodities"

"Stocks need to lead the metal"

The actual comparisons are shown. At the big bottom the HUI definitely led. Since then that is not so obvious, to my eye. As to the recent turn, it would appear the HUI led by a hair, but not many.

The scales on these charts are left to software - i.e. I could adjust them, so they show similar slopes from one trace to the other, but who knows what would be true justice. I think it is the turns that are important.

I just visually looked at some comparisons of gold, XOI, and the CRB a while back. I was surprised in that over the last 3 years I think gold correlates better to the CRB than does oil. But I did not put any mathematics to it. The second chart includes the XOI, which has been on fire. Fires usually run low on fuel at some point.

ttrader.com

ttrader.com
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