Dappled Feline...
<so far is gold has been a one trick pony basically... a USD event... >
Sorry -- don't agree. Gold has been in an uptrend in the major currencies since late-1999. It's been in a consolidation phase for the last couple of years, but the uptrend is still intact. In fact it's very close to a new multi-year high against the Yen. Check out its charts in Yen, Euros and SF below:
stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14]
stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14]
stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14]
And what about gold measured against that other great store of value -- the top 500 US corporations? The S&P/Gold chart is below.
stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14]
I agree that oil has far-outperformed gold, but our "bubble" will come! Meanwhile, I'm happy with the steady uptrend of an early-stage bull market.
Best regards,
Howy |
