Friday, February 13, 2009
Both the dollar and gold moved down today 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 earlier in the 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.