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re: U.S. Dollar ...
Posted on 4/12/10 at 4:27 pm to John Merlyn
Posted on 4/12/10 at 4:27 pm to John Merlyn
I think silver is undervalued in relation to gold, but gold is more closely correlated to the U.S. Dollar. Typically, as the dollar goes down, investors will flock to gold for a safe haven, causing gold prices to rise. Here's an interesting read on the relationship between Gold/Silver and Gold/Dollar.
LINK
LINK
1
Posted on 4/12/10 at 4:29 pm to RedStickBR
I would think it has as much to do with the Greek bailout getting the official thumbs up. Maybe go long the E for awhile, if you're into that.
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