Today's Market Action

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Lemonyellowschwin's picture
Lemonyellowschwin
Status: Platinum Member (Offline)
Joined: Apr 22 2008
Posts: 547
Today's Market Action

Interesting market action today, don't you think?

Does anyone else find it interesting, and a bit unuusal, that on a day when the Dow dropped almost 200 points and the dollar was significantly higher, that gold was also higher?

joemanc's picture
joemanc
Status: Martenson Brigade Member (Offline)
Joined: Aug 16 2008
Posts: 834
Re: Today's Market Action

I noticed that too. Everything seems to have been moving in lockstep fashion lately, or more like all summer, until today. Maybe the smart money is back from summer vacation?

JAG's picture
JAG
Status: Diamond Member (Offline)
Joined: Oct 26 2008
Posts: 2492
Gold and USD Set To Rise Together?

LYS,

Mish and others have been calling for the USD and Gold to rise together for sometime now, Perhaps we are seeing the beginning of this new trend. Also, Investorrzo dug an article in his thread, Flight to safety appears imminent, that appears to come to the same conclusion.

Lemonyellowschwin's picture
Lemonyellowschwin
Status: Platinum Member (Offline)
Joined: Apr 22 2008
Posts: 547
Re: Gold and USD Set To Rise Together?

Jag,

I hadn't noticed that from Mish, but I am not a religious reader of his blog.  Any handy link by chance?  (Don't knock yourself out).

JAG's picture
JAG
Status: Diamond Member (Offline)
Joined: Oct 26 2008
Posts: 2492
Re: Gold and USD Set To Rise Together?

Hi LYS,

This isn't the particular article that I was looking for, but its a start:

You Can't Fool Gold

I'll keep looking...Jeff

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