Hi guys:
I keep a window open just for Kitco, INO and Bullion desk. They usually are not the same as they use different end of day times but INO gives you the USD as well. For a clearer picture I always go long term and just look.
stockcharts.com[w,a]waclyymy[df][pb50!b200!c20!c100!c200!f][vc60][iLb14!La12,26,9!Lp14,3,3!Ll14!Lc20!Lg30!Lh39,1]
stockcharts.com[w,a]waclyymy[df][pb50!b200!c20!c100!c200!f][vc60][ilb14!la12,26,9!lh14,3!ll14!lc20]
There are not that many correlations between these, however the XAU set bottom late last year when the dollar was falling hard. The bounce to the March top looked like it was going to be a lower double top and as it started down even POG started going up and the April/May spike occurred contrary as the dollar headed back up again. The rest of course shouldn't have happened<GG>. The dollar forming a new high wasn't part of the plan and over a long term looks like a big head and shoulders is what's hoped for (at least by goldbugs). It's my opinion that last spring Easy Al decided to retire cause he didn't think he could dupe a second Bush with Sr there to remind Jr how Al sunk his boat. This is all his retirement plan. He knows what will happen and probably has been stashing away as much bullion as he can. Ohh what a cynic I've become. Next stop for USD, I'm betting 105 but it could be 125 if Al's 401k needs topping up further! Oh when oh when does he go. Coincidentally it'll be about the same time they're driving the last nail in the ENE coffin. Hope the new guy understands how the undertaker may be very busy soon. Best business opportunities for the next decade will be Bankruptcy Trustee's. Should set up a franchise chain of em like H & R Block. I have a slogan in mind but it's not quite right. "The least trusted name by government". How about "Don't do your books, close em". Oh I've got to stop and catch up on other's posts.
Regards
Bob |
