The Amazing Dollar-Gold Relationship

February 15, 2009 | By: Tim Iacono

Both the dollar and gold moved down Friday and that makes an amazing 13 out of the last 15 days that they have moved in the same direction (based on [GLD] and [UUP], as first mentioned here last week). As shown below, going back almost two years, nothing comes close to this development as these two normally move in opposite directions.



Lest you think that this is just both of them zooming higher together, of the 13 days that the two moved in the same direction, there were seven gains and six losses.

This may be a fundamental change in the relationship between these two.

Full Disclosure: Long GLD, no position in UUP

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