Gold Acting Like Money...

Discussion in 'Economics' started by achilles28, Nov 23, 2010.

  1. achilles28


    Commodities and stocks down across the board on Irish contagion and North Korea.

    Treasuries and USD Index predictably up.... and so is gold.

    This isn't the first time. The gold/dollar correlation is disintegrating.

    Very bullish for gold. Market sentiment is shifting towards precious metals as a competitor to strong currencies. This translates into weaker demand for US Treasuries during record auctions and rollovers....
  2. Fractal


    Astute observation. I think you're onto something.