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PRECIOUS METALS (US $)
Gold 1387.80-0.60
Silver 22.64-0.04
Platinum 1471.00-9.50
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DOWJONES 15335-13
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CURRENCIES ($)
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Dowjones / Gold11.05
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Dollar-Gold Relationship Back to Normal?
Published : April 03rd, 2009
145 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
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After a brief period in February and March when the trade weighted dollar and the price of gold marched in near-lockstep, the two seem to be reverting to either their typical inverse correlation or, hopefully, the natural relationship between the two, no relationship at all.

 

Today's market action so far is a good example of what was seen in recent months - the U.S. dollar index is down about one percent and the yellow metal is down two or three times that amount as investors embrace risky assets again.

Bank of America (
BAC) shares are up 10 percent! It looks like happy days are here again!

 

Tim Iacono

Iacono Research.com

 

 

 

Tim Iacono is the founder of Iacono Research which provides market commentary and investment advisory services specializing in macroeconomic analysis and commodity based investing. He also writes the popular blog The Mess That Greenspan Made.

 

 

 

 

 

 

 

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Tim Iacono

Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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