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

To: The Barracuda™ who wrote (33929)	5/14/1999 6:57:00 PM
From: Enigma	Read Replies (3) \| Respond to of 116814

Are there any charts which correlate the Can $ and gold? In fact the correlation makes no sense when you take exchange rates into account after all gold is priced in US not Can dollars. In Canadian dollar terms the POG has been rising and has led to a resurgance of exploration and mining activity in the gold industry, which would seem to indicate that the currency fell faster than the POG? d

To: The Barracuda™ who wrote (33929)	5/14/1999 7:09:00 PM
From: Zardoz	Respond to of 116814

When I first looked at ALL currencies to see which trended with and against gold. I was surprised to see such a large correlation with the CAD. But I quickly figured that it was due to the gold companies {ABX and PDG}. And suspect that they are using Canadian and US currency hedges, and/or bonds for their positions. And since the CAD is a weakly traded currency the affect may be large. But you are correct that it does act as an oscillator as well. Hmmm think I'll run a shifting filter on the data again, and see if I can pin down an equipoise pole. One to 3 days you say.