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Gold: Gives Up Early Gains on Tuesday
Keep in mind that gold is highly negatively correlated to the interest rate market, and of course the US dollar in general. If that’s going to remain a true factor in the way we are moving, you will need to keep an eye on interest rates in America, the US Dollar, and then finally the gold chart. With the -0.94-correlation factor, that of course is something that you cannot ignore. Be Cautious About Your Positioning The question of course is whether we are going to continue to focus on interest rates, or if we going to start focusing on a lack of global growth. There is the possibility that both the US dollar and ... (full story)