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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (81654)	2/6/2002 12:15:03 PM
From: goldsheet	Respond to of 116830

> Do you have a long term correlation to prove your point? Actually, as Zardoz pointed out in the past there is no significant correlation between the US dollar index and gold prices. I get an R Squared = 0.272, based on 4103 days of data. There are periods, however, where the inverse relationship appears to be viable, such as over the last six years. The strong $US (which is still doing a topping out pattern) seems to have been one of many factors contributing to holding gold down. goldsheetlinks.com My point was: various currency charts are one of many indicators a good gold investor should key their eye on, not that there was some magical formula or correlation to make investing in gold simple. It's still hard work.