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re: Beginning of the End of U.S. Dollar Hegemony
Posted on 7/18/14 at 10:11 am to Swampeast
Posted on 7/18/14 at 10:11 am to Swampeast
quote:
Put up or shut up
My job is to "put up" everyday, but by all means feel free to flex on a message board. I'm all ears.
I'm not bearish on gold nor do I have any holdings, so I couldn't deliver anything to you. I liked gold volatility when it was cheap a few months ago but that's about as far as I'll play with that metal since I'm not on a commodities desk. Also I hate to be the bearer of bad news to you, but the dollar has actually had a POSITIVE correlation to gold over the past year and a half, weak (0.12) but still positive so the standard "dollar down, gold up" theory doesn't exactly hold in all scenarios.
This post was edited on 7/18/14 at 10:13 am
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