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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (9330)	4/23/2008 12:27:50 AM
From: Webster Groves	Read Replies (1) of 50061

Sorry for not being a team player here, but I fail to see what I am supposed to nod my head too. $GOLD is already priced in dollars, so one would expect to see a 100% correlation of $GOLD to $GOLD/$USD, and that is exactly what the chart shows. As for $GOLD/YEN, once again the correlation is about 90% (to my eye) to $GOLD alone. What does this mean ? It simply means that when gold goes down, it goes down. There is no phase offset predictor from gold/currency ratio to offer an edge for trading. By that I mean the gold/yen ratio dropped exactly when $Gold dropped and nothing else. So what does this all mean ? It means that when gold goes down we can pull some mumbo-jumbo and predict it after the fact. Aside from these small differences I agree 100% with your "analysis". Mo' later (isn't that how a guru signs off ?) wg

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