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Strategies & Market Trends : John Pitera's Market Laboratory
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To: The Ox who wrote (18926)3/31/2017 9:10:04 AM
From: John Pitera  Read Replies (1) of 33421
 
Excellent observations OX,

I see that the south African rand is down 10% this year.

I would point out the period from 1999-2000. This period was where the FED was raising rates from 4.75 to 6.5% and was when the AUD saw a third of its value vanish by 2001 (in US$). The rebound in AUD after this period corresponded to the massive move in commodities, where gold hit $1900 and Oil reached $140+.


remember it took a number of years for the commodity markets to get rolling after they commenced their bull markets in 1999-2000.

The AUD/USD was way down in the 47 cent area in 2001 and gold was at $275 and crude was under $20...

Crude had it's big advance from 2005 to June 2 of 2008 when it topped out at $148.20....

Gold did not top out in the 1900+ area until 2011.

however, you make excellent structural points

John
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