"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, May 18, 2010

Gold & Currencies

Talk about some crazy crosscurrents; now that the euro has taken the swan dive into extremis and is subject to wild swings both ways, it is best to measure gold against things like the commodity/resource currencies of Canada and Australia. Yup, still bullish over there... but in a much more muted way. We like muted; it allows us to quiet the noise and figure things out.