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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (104941)11/27/2009 2:07:29 AM
From: The Vet1 Recommendation  Respond to of 116555
 
Some would say that where the Aussie goes, so goes gold..

That's certainly been true since about April, but the Aussie dollar tends to overshoot gold in both directions so at the moment it is falling even faster than gold, and it tends to rise faster as well but the directions usually match.

This graph showing Gold vs AUD is interesting...

stockcharts.com