The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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From: koan	9/30/2011 9:19:49 PM
	1 Recommendation Read Replies (2) of 119360

The big deal today was that the dollar was up .88 and gold was up $9. Up until this year, I doubt that would have happened. Historically there has been a 90% inverse correlation with gold and the dollar. That tells me gold is joining the dollar as the currency of last resort. People are getting out of Europe. The charts showing the sharp breakdown in gold from $1,900 to $1,600 is worth watching. If gold holds solid at $1,600 establishing a solid floor, then it can make a clean climb above $2,000. It will be just like a wedge breakout.

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