09.10.2008 - Gold is telling us main currencies are weaker – not just the dollar stronger
From Mine Web: Gold bullion is one of the few positive performers in the current meltdown, but the big question might be why is the gold price not doing even better? Liquidity is one side of the equation and investors' needs to maintain this paramount. The other is probably the dollar which has been showing strength - perhaps unjustified in some terms - where historically gold has moved in the opposite direction to the dollar index. What is significant particularly in the current market is that yesterday gold shot up, with the dollar rising sharply too - against the general historic precedent..... Full Article: Source
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